European shares open lower but eye best week in over three months




European shares dipped on Friday, but remained on course for their biggest weekly percentage jump in over three months on hopes that easing inflation would allow the Federal Reserve could halt its interest rate hikes soon.

The pan-European STOXX 600 index was down 0.2% by 0702 GMT.

Still, the index has gained 2.9% this week, on track for its best week since the end of March and nearly recouping all of the last week's losses.

Comments