European stocks reversed early losses and ended Friday at more than a one-week high as investors shifted their focus to updates on China's stimulus plans, corporate earnings and an interest rate decision by the European Central Bank.

China’s policymakers disappointed investors this week with a lack of follow-through on recent monetary policy stimulus measures. They get a second chance this weekend.

European and Asian stock markets diverged Friday ahead of a Chinese fiscal policy briefing this weekend which investors hope will bring more measures to boost the world's second-largest economy.

Global stocks traded sideways on Friday as a stunning rally in Chinese shares paused and investors held back from placing more bets ahead of a much-anticipated update on fiscal stimulus from Beijing this weekend.

China stocks opened down on Friday, as investors cautiously await further policy announcements from a finance ministry press conference scheduled on Saturday. The Hong Kong market was closed for a holiday.