European stocks jump as energy, retail rise
Reuters
European stocks jumped on Friday, led by gains in energy and retail sectors after the US Federal Reserve said there would be no imminent move to tighten monetary policy, easing fears of rising US inflation that pushed the STOXX 600 into negative territory for the week.
The pan-European STOXX 600 rose 1.1 percent, with oil and gas, and retail stocks leading the gains.
The benchmark still fell 0.5 percent for the week as a rally in commodity prices and signs of quickening US inflation raised fears about an earlier-than-expected interest rate hike by the Fed.
However, sentiment improved on the Fed’s reassurances on monetary policy, as it also said it would not immediately reduce cash injections that have propped up financial markets.
El Ibex busca aguantar los 8 600 frente al lastre de Inditex
diariosur.es - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diariosur.es Daily Mail and Mail on Sunday newspapers.
El Ibex claudica ante los 8 600 puntos tras perder un 0,8%
diariovasco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diariovasco.com Daily Mail and Mail on Sunday newspapers.
ACS comunica su interés por entrar en las autopistas italianas por 10 000 millones
elplural.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elplural.com Daily Mail and Mail on Sunday newspapers.