European stocks edged higher on Friday but remained headed for their worst weekly performance since April as rising bond yields and inflation concerns weighed on sentiment. Investors are awaiting US inflation data for clues on the Federal Reserve’s rate path, while oil prices above $100 and a hawkish ECB outlook add pressure.
European stocks edged higher on Friday but remained headed for their worst weekly performance since April as rising bond yields and inflation concerns weighed on sentiment. Investors are awaiting US inflation data for clues on the Federal Reserve’s rate path, while oil prices above $100 and a hawkish ECB outlook add pressure.
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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.
