European stocks traded mixed Friday following a strong session for stocks in Asia amid thins volumes owing to U.S. Thanksgiving celebrations.
Britain's FTSE 100 index added 6 points by 10:45 GMT, led by consumer and healthcare stocks. France's CAC-40 gained around 2.5 points while DAX performance index in Germany slipped 11 points.
Italy's bank-heavy FTSE MIB, however, dipped 40 points at the start of trading, dragged lower by a 5.5% decline in Monte dei Paschi (BMDPY) shares after the country's third-biggest lender -and the world's oldest bank - secured the backing of shareholders for its latest bailout late Thursday.
The vote gives the board the authority to push forward with a JPMorgan (JPM) -led rescue plan that will see it raise €5 billion ($5.3 billion) of new equity - nearly 10 times its market capitalization.
Another major mover in Europe were shares of Swiss biotech group Actelion (ALIOF) , which rose sharply in Zurichon a report that it's attracted a bid from Johnson & Johnson JNJ that could be worth $17 billion.
Actelion shares rose 13% to Sfr171.12 by 11:45 CET, valuing the Allschwil, Switzerland-based group at an all-time high of Sfr19.34 billion ($19.1 billion).
Bond markets resumed their upward march in yield as investors sold US government debt in advance of what many assume will be much-faster inflation as a result of the various fiscal stimulus plans of President elect Donald Trump and an accelerated pace of monetary tightening from the Federal Reserve.
Benchmark 2-year U.S Treasury note yields leaped to a six and a half year high 1.17% Friday before easing back to 1.15% while yields on 10-year Treasuries crept 2 basis points higher to trade at around 2.38%.