LONDON (The Deal) -- Europe's major markets made a bright start Friday as a mixture of encouraging economic data and Thursday's promise of support from the European Central Bank buoyed spirits.

Frankfurt's DAX led the way in the first hours of trading, adding 1.33% to climb to 10631.15. In Paris, the CAC40 gained 1.31% to 4864, while London's FTSE 100 was up 0.79% to 6426.95.

Much of those gains can be attributed to ECB President Mario Draghi, who lit a fire under European market on Thursday with a promise to deliver "the full menu of monetary policy" in support of European growth. That menu could include lowering the ECB's deposit rate, which would encourage banks to lend to businesses rather than park cash in government bonds, and an extension of the ECB's quantitative easing to ensure a weak euro. Draghi said the ECB would review its options at a meeting on Dec. 3. The euro responded by falling just over 2% against the dollar on Thursday.

"The response [to Draghi's comments] seems excessive and once the new measures are in place it's a good bet that the market's enthusiasm will wane," said Nicolas Chéron, a strategist at CMC Markets France.

Friday also brought new signs of life from France's long-moribund economy, with a survey of manufacturing and services output in October revealing the economy may be growing at its fastest rate in four months. The Composite Output Index, produced by Markit Economics, climbed to 52.3 for October, up from 51.9 in September, boosted notably by stronger manufacturing output, which rose to a 19-month high of 52.4, up from 52 last month.

The news was less positive out of Germany, where manufacturing output grew at the slowest pace for five months in October, as weak demand from China and Russia took a toll.

At the stock level, Cable & Wireless Communications (CWIXF) , a London-listed provider of phone networks in the Caribbean and Panama, climbed 9.1% to 76.40 pence ($1.18) after it emerged as a $5 billion-plus target for John Malone's Liberty Global(LBTYA) - Get Report . The two companies confirmed they are in talks but insisted that there was no certainty of a deal.

At the other end of the London market, shares in TalkTalk (TKTCY) , a U.K. phone and broadband provider, fell 10.6% to 240.1 pence after it said it was the target of a "significant and sustained cyberattack" that may have stolen the details of its 4 million customers, including their credit card and bank account numbers.

In Paris, luxury and sporting goods maker Kering (PPRUF) climbed almost 8% after its third quarter revenues beat expectations. Kering, which released its figures after the markets closed on Thursday, said sales were up 3.1% quarter-on-quarter boosted by a strong performance from its Saint Laurent and Puma brands.

In Asia, markets rose Friday boosted by the promise of ECB stimulus and expectations that Japan's central bank may also implement QE when it meets on Oct. 30.

"Given Japan's recent run of poor data it is quite likely to enter a technical recession in Q3," noted IG Index Market Analyst Angus Nicholson. "Further Bank of Japan easing [has] a viable chance next week."

Japan's Nikkei 225 closed 2.11% higher at 18825.30, while the Topix rose 3.83% to 1547.84. China's Shanghai Composite added 1.3% to 3412.43, a gain that was mirrored by Hong Kong's 1.34% increase to 23151.94.

-- Written by Paul Whitfield of The Deal