The main European stock markets were up at the start of trading on Friday, erasing some of the previous day's losses in the face of fears over the expected recession and further monetary tightening by central banks.

In Paris, the CAC 40 gained 0.43% to 6,981.94 points around 08:50 GMT. In London, the FTSE 100 gained 0.38% and in Frankfurt, the Dax advanced by 0.45%.

The EuroStoxx 50 index is up 0.41%, the FTSEurofirst 300 0.24% and the Stoxx 600 0.25%.

The latter is currently down 0.2% for the week, while the CAC 40 is down 0.57%.

Fears over the pace of Fed monetary policy tightening were reinforced by strong US employment data and several speeches by central bankers.

Boston Fed President Susan Collins echoed the comments of some of her peers, saying she was in favor of rates going beyond 5%, while the markets see the "ceiling" at 4.89% in June, and Fed Vice President Lael Brainard said that despite the recent moderation in inflation, "(monetary) policy will have to be sufficiently restrictive for some time".

On the stock market, TotalEnergies gained 1.46% on higher oil prices, still buoyed by optimism about China's reopening.

The stock market was also animated by a few changes of advice, such as the downgrading to "in line performance" of Michelin (-2.23%) by RBC and the downgrading to "underperform" of Faurecia

(-1.17%) by Jefferies.

Sweden's Ericsson falls 7.51% after reporting lower-than-expected quarterly operating profit due to slower sales of 5G equipment in high-margin markets.

Siemens Energy loses 1.0% after lowering its full-year profit target due to the ongoing difficulties of its wind power subsidiary Siemens Gamesa. (Laetitia Volga, edited by Blandine Hénault)