European markets closed slightly higher on Friday, attempting to recover from the previous session's sharp sell-off.

The pan-European Stoxx 600 closed 0.1% higher provisionally to 354.06, with most sectors and major bourses in positive territory.

Thursday saw the European blue chip index plunge 4% after an economic reality check from the U.S. Federal Reserve and concern over a second wave of coronavirus infections rocked sentiment.

The Fed cautioned of a 6.5% fall in U.S. GDP (gross domestic product) in 2020, denting hopes of an immediate "V-shaped” economic recovery in the aftermath of the coronavirus crisis, while several U.S. states reported a spike in coronavirus cases after reopening their economies.

Source : CNBC