European stocks rebound Friday, but weekly losses dominate

European shares are closing mostly higher on Friday, but the gains were not enough to erase losses for most of the major indices this week. The broader STOXX 600 is also on pace for a weekly decline as elevated bond yields and oil prices continue to weigh on sentiment. European closing levels: German DAX, +0.59% at 26,136.57 France's CAC, +0.37% at 8,484.44 UK's FTSE 100, +0.64% at 10,816.57…