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The pan-European STOXX 600 index rose 0.3% to 447.69 points in early trade, after notching a record high of 447.86 in the previous session. It was also set for mild weekly gains.

Bank stocks led early gains with a 0.7% rise, while resource stocks added 0.4%, benefiting from higher base metal prices.

Global equities gained on the prospect of more liquidity, after a report said President Joe Biden will seek $6 trillion in federal spending for 2022. Biden is expected to unveil his first full budget later in the day. [MKTS/GLOB]

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