European markets bring modest relief, euro sinks after weak German survey

LONDON (Reuters) - European markets opened higher on Friday with most stock indexes rising modestly after a volatile week in which company earnings and growth worries hit stocks, though the euro sank after a weaker-than-expected German business survey.Italian stocks led the bounce in equities, rallying hard after the country's bond yields fell after a press report that EU Affairs Minister Paolo Savona is considering resigning over the government's decision to challenge European Union budget..