European stocks climbed out of the red and finished at a 21-month high Friday, as buying appetite for assets perceived as risky returned ahead of the French presidential election.

U.S. stocks finished higher Friday and for the week with the Nasdaq and the S&P 500 closing at records as investors weighed a stronger-than-expected April employment report against uncertainty of the outcome of the French presidential election on Sunday.

Stock markets in Asia broadly rose as trading kicked off for the week after the pro-European Union candidate Emmanuel Macron won the race to be the next president of France.