European stocks set to climb as global markets rebound

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European stocks are set to climb on Friday as global markets look to regain some ground after a bruising week.

European markets fell on Thursday as investors remained concerned about slowing growth, interest rate hikes and red-hot April inflation data from the United States, which sparked concerns that a path of aggressive interest rate hiking lies ahead.

U.S. Federal Reserve Chairman Jerome Powell said Thursday that he could not guarantee a so-called "soft landing" that tempers inflation without pushing the economy into recession. LONDON — European stocks are set to advance on Friday as global markets look to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates.

 

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