European shares steady at the end of brutal week
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
June 17 (Reuters) - European stocks inched higher on Friday but were set for sharp weekly losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown.
The pan-European STOXX 600 index .STOXX gained 0.1% by 0710 GMT, but was on course to mark a 4.7% weekly decline in what could be its worst since early March.
World stock markets were heading for their biggest weekly decline since markets' pandemic meltdown in March 2020, hit by growing worries about a recession after rate increases in the United States and Britain were followed by a surprise move in Switzerland to quell an inflation surge.
The final reading of euro zone inflation for May will be out later in the day.
Among single stocks, Britain's biggest retailer Tesco TSCO.L slipped 0.3% after it said it was seeing early indications of changing customer behaviour due to surging inflationary pressures.
Spain's Santander SAN.MC gained 1% after it named Hector Grisi as its new chief executive officer, replacing long-time executive Jose Antonio Alvarez.
Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。