European Stocks Climb as Global Markets Look for Rebound; Stoxx 600 Up 1%

European stocks advanced on Friday as global markets looked to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates.

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 advanced on Friday as global markets looked to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates.added 1% in early trade, with banks climbing 1.9% to lead gains as all sectors and major bourses entered positive territory.

European markets fell on Thursday as investors remained concerned about slowing growth, interest rate hikes and, which sparked concerns that a path of aggressive interest rate hiking lies ahead. Stay informed during the severe weather season with our local news and weather app. Get the NBC 5 Chicago app for

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