(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
May 14 (Reuters) - European shares rose on Friday, as investors picked up beaten down stocks after rising inflation worries led to sharp losses earlier this week.
The pan-European STOXX 600 index .STOXX rose 0.6% by 0718 GMT, with travel and leisure .SXTP and retail .SXRP stocks leading the gains. The benchmark was still on course for a 1% weekly drop, its worst since late February.
Global markets were rattled this week after a rally in commodity prices as well as quickening U.S. inflation raised fears about interest rate hikes.
French food group Danone DANO.PA slipped 1.8% after Goldman Sachs (NYSE: GS ) downgraded the stock to "sell", saying weaker demographic trends, particularly in China, will weigh on its specialised nutrition business.
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