European stocks rise but head for sharp weekly declines
6 Articles
6 Articles
Global Market: European stocks gain ahead of key US inflation data
European stocks edged higher on Friday, but the STOXX 600 remained on track for its worst weekly performance since April as elevated bond yields and concerns over aggressive interest rate hikes weighed on sentiment.
Yesterday, these indices fell sharply as the European Central Bank increased key interest rates by 0.25 percentage points, for the second time this year.
European Stocks Rise Friday But Head for Worst Weekly Drop Since April
TLDR European stocks edged higher Friday but are on track for their worst weekly performance since April The ECB raised interest rates and warned of higher inflation linked to rising energy prices Oil held above $100 per barrel for a third straight day due to Middle East tensions U.S. 10-year...
European stocks are headed for their worst weekly performance since April as a sharp rise in oil prices, coupled with the European Central Bank's tougher monetary stance, reinforces investor concerns about a prolonged period of stagnant inflation in Europe. The Stoxx 600 registered a marginal gain of 0.3% shortly after the start of the session, while shortly afterwards managing to trade at 637.44 points with gains of 0.22%. However, it is still …
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