On Friday European stocks declined as oil companies fell, offsetting results from Renault SA to Electrolux AB which reassured investors that the global recovery is intact. Asian shares increased, while U.S. index futures slid.

European shares turned negative on Friday morning, giving up a little of the strong gains of the previous session, and with Italian stocks lower after a bond auction. The FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,017.70 points, after earlier being as high as 1,028.48.

A gauge of oil producers dropped 1.4 percent. Renault, France’s second-biggest carmaker, gained 3.1 percent as third- quarter sales topped analysts’ estimates. Electrolux jumped 4.1 percent as the Swedish maker of household appliances reported net income for the third quarter that exceeded forecasts.

The Stoxx Europe 600 Index slipped 0.3 percent in London. More than two companies dropped for every one that rose. The gauge has climbed 4.2 percent so far this week as the region’s leaders boosted their rescue fund’s capacity to 1 trillion euros in a bid to stem the debt crisis and earnings at companies from BASF SE to Merck KGaA beat analysts’ estimates.

Japanese stocks rose for a second day, driving the Nikkei 225 Stock Average to its biggest weekly gain in a year, as faster U.S. economic growth fueled investor confidence after yesterday’s breakthrough on a European debt deal. The Nikkei 225 Stock Average climbed 1.4 percent. For the week, the gauge gained 4.3 percent, the biggest since the period ended 5th November 2010. The broader Topix index rose 1.1 percent.

U.S. stock futures fell, indicating the benchmark Standard & Poor’s 500 Index will trim its biggest monthly gain since 1974, as investors awaited the outcome of Europe’s efforts to raise money for its enhanced bailout fund.