The best weekly performance of European stocks in two months .. And French shine

Economy and stock exchange

European shares have posted their best weekly performance since early April on Friday, buoyed by strong gains in Paris as investors hoped central banks would support global growth with more monetary easing policies.

Germany's central bank has reduced its forecast for Germany's economic growth and euro zone currency markets have taken a 60 percent chance of a 60 percent chance that the European Central Bank will cut interest rates by 10 basis points by the end of the year, while US job growth slowed sharply in May, American interest in 2019.

The Stoxx 600 European index gained 0.9 percent, with shares in Paris up 1.6 percent, Frankfurt shares up 0.8 percent, and London's 1 percent up.

"Investors continue to buy heavily in equities, with the jobs report and the stock rally following a very good week capping equity markets," wrote Chris Bochamp, chief market analyst at IG.

Sanofi rose 4.4 percent to lift the French index and European health care index on news that the company hired Paul Hudson from Novartis to become its new chief executive later this year.

Dutch aerospace insurer ASR was up 5.8 percent after its rival Vivat, previously offered by ASR, agreed to buy it from European stocks for unlisted life insurance.

Tech stocks, which are largely sensitive to trade-related developments, have risen to a 2 percent rise. Chinese President Xi Jinping on Monday described his US counterpart Donald Trump as a friend and said he believed the United States did not want to break economic ties with China.