European markets close higher, marking second straight week of gains; Gucci-owner Kering up 3.5%

This is CNBC's live blog covering European markets.

European markets closed higher Friday, led by an uptick in tech and luxury stocks.

The pan-European Stoxx 600 ended the session up 0.21%, with most regional bourses and the majority of sectors in the green. The index also recorded its second consecutive week of gains.

Tech stocks led gains, rising 2%, while mining stocks added 1.39%. Luxury stocks also climbed on Friday, with Gucci-owner Kering rising 3.5%, having climbed over 5% earlier in the session.

The Stoxx 600 index had ended Thursday's trading day in the green after the ECB announced its third interest rate cut of the year. The central bank on Thursday lowered the deposit rate by another 25 basis points, as inflation risks in the European Union ease faster than anticipated.

In the Asia-Pacific region, markets in mainland China and Hong Kong rose Friday after China's gross domestic product for the third quarter came in above expectations.

Stateside, the Nasdaq and S&P 500 gained ground, while the Dow Jones Industrial Average lagged, after the index logged a record close on Thursday.

European markets closed higher Friday, led by an uptick in tech and luxury stocks.

The pan-European Stoxx 600 provisionally ended the session up 0.19%, with most regional bourses and the majority of sectors in the green. The index also recorded its second consecutive week of gains, adding 0.37%.

— Karen Gilchrist

U.S. stocks opened mixed Friday, with the tech heavy Nasdaq gaining ground on strong Netflix earnings.

The Nasdaq Composite added 0.67% in early deals, while the S&P 500 also rose 0.23%. The Dow Jones Industrial Average lagged slightly, dipping 0.24%.

Netflix jumped 8% in morning trade after reporting third-quarter earnings Thursday