Sept 8 - Early gains in European stocks faded on Friday, with the benchmark STOXX 600 heading for its eighth consecutive session of losses as investors grew nervous over the trajectory of U.S. interest rates and the outlook for the European economy.
Equity markets globally have come under pressure this week after upbeat U.S. economic data fuelled expectations of interest rates staying higher for longer, while weak data from Europe and China raised concerns about the health of the global economy. "It would take a brave central bank to hike rates further when economic activity is collapsing in one the biggest economies in Europe."
STMicroelectronics dipped 0.8% as a selloff in semiconductor stocks continued on worries about China imposing curbs on Apple's iPhones.
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