The STOXX is up more than 2 percent so far this week but it is still down around 7 percent from the 2 1/2 year peak hit in January.
The pan-European STOXX 600 was up 0.5 percent by 0824 GMT, hitting its highest level in a week.
Shares in food packaging group Huhtamaki led the pan-European index’s gainers, rising 9 percent after it released fourth quarter results.
The pan-European STOXX 600 index was down 0.2 percent by 0830 GMT with most bourses and sectors flat or in negative territory.
Gains in all sectors helped the pan-European STOXX 600 index rise 1.2% by 0812 GMT, after ending at its lowest level since August.
Europe’s STOXX 600 share index fell 0.2% by 0830 GMT, pulled lower by a 1.1% fall in basic resources .SXPP, and weaker industrials stocks.
Europe’s STOXX 600 sank 1.1 percent, in line with euro zone stocks .STOXXE and on track for its sixth straight day of decline.
World stocks were set to post biggest weekly drop since late 2016, as talk of expectations of higher inflation boosted borrowing costs globally and sparked a sell-off.
European shares fell and were set for their biggest weekly loss in six months as a slump in Deutsche Bank after a bigger-than-expected loss hit the banking sector.
European shares rose supported by a flurry of mostly positive results and gains by banks after the US Federal Reserve flagged higher interest rates later this year.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa