Origin Enterprises was among the biggest movers on the day. Shares in company, which have been under pressure of late, surged 3.8 per cent to €3.65 per share after the agri-services group affirmed its full-year outlook.
Frankfurt also lifted its forecast for inflation by more than expected on Thursday, a hawkish surprise for investors as ECB president Christine Lagarde warned: “We’re not at our destination. We still have ground to cover.” With the Bank of England also poised to raise rates by 25-basis-points next week, investors have struggled to balance maintaining exposure to rising equities against possible headwinds from tighter monetary policies.
Equity trading has been choppy since the Fed on Wednesday delivered a signal that it could follow its June hiking pause with two more rate increases this year.