European shares jumped on Friday, recouping losses from the previous session after Russian President Vladimir Putin signalled a positive shift in talks with Ukraine.

Oil prices rose on Friday on continued concerns about supply disruptions for Russian oil and oil products, but were on track for their biggest weekly decline since November after another volatile week.

European Union leaders will say on Friday they want to cut their dependence on global suppliers of food, microprocessors, drugs, raw materials and digital technologies, as Russia's invasion of Ukraine added a new argument for the EU to be more self-reliant.

TOKYO (Reuters) -Uniqlo owner Fast Retailing Co and Japan Tobacco Inc on Thursday said they would suspend some operations in Russia, in a U-turn by the Japanese consumer giants which had indicated they would stay in the market after Moscow's invasion of Ukraine.

(Reuters) -European shares inched higher on Friday, recouping some lost ground from the previous session's nearly 2% slump following the European Central Bank's hawkish decision to stop pumping money into financial markets this summer.

Volvo Cars will establish a tech hub in the Swedish capital of Stockholm it said on Friday, as it seeks to reach its goal to sell at least half of its cars online.