European stocks rebound at end of volatile week

  • Reuters
  • Stock Market News
European stocks rebound at end of volatile week
Credit: © Reuters.

(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.

Italy's Banco BPM BAMI.MI rose 2.2% After Deutsche Bank (DE: DBKGn ) upgraded the stock to "buy", saying the lender's "speculative appeal" could increase in the next few months.

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.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles