European markets close higher as positive momentum returns; Delivery Hero down 15%

This is CNBC's live blog covering European markets.

European markets closed higher on Friday, regaining momentum after a dip in the previous session.

The pan-European benchmark Stoxx 600 index provisionally ended 1.2% higher, with almost all sectors and major bourses in positive territory. Construction and material stocks led the gains, up around 2.1%, while chemicals dipped 0.3%.

Market participants on Friday digested corporate releases from L'Oreal, TotalEnergies and NatWest.

Asia-Pacific markets were higher after the Bank of Japan kept its benchmark policy rate at 0%-0.1%, as expected. The Japanese yen slid against the U.S. dollar on the move.

Meanwhile, U.S. stocks jumped on Friday as Big Tech names Alphabet and Microsoft rallied on strong earnings and investores digested the latest inflation data.

European markets closed higher on Friday, regaining positive momentum as investors digested a fresh batch of earnings.

The pan-European Stoxx 600 provisionally ended up around 1.2%, with construction and material stocks leading gains, up 2.1% for the session.

— Sam Meredith

Wartsila surged to the top of the pan-European Stoxx 600 index during afternoon deals.

The marine and energy equipment maker on Friday reported "good progress" through the first quarter of the year, with the Finland-based firm's order book climbing to a new all-time high. Shares of Wartsila rose over 12% on the news.

Meanwhile, German food delivery giant Delivery Hero slipped to the bottom of the benchmark index.

Shares of the company fell more than 18% amid reports that Chinese food delivery giant Meituan is seeking to hire staff in Saudi Arabia, a prospect that could pit the firm against Delivery Hero's operations in the country.

— Sam Meredith

The S&P