Sept 7 - European shares inched higher on Thursday after a six-day losing run, with defensive healthcare and utilities in the lead, as investors grappled with the prospect of U.S. interest rates staying elevated and a sharply slowing European economy.
"Equity markets will remain under pressure in the coming months. The story in Europe is stagnation and possibly recession," said Rupert Thompson, chief economist at Kingswood Group. Interest rate futures imply investors are pricing in a 64% chance that the ECB will hold interest rates next week even as policymakers warned recently that the decision was still up in the air and a rise in rates was among options on the table.
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