Stocks slip but heading for weekly gain ahead of U.S. jobs data

Published by
Reuters

By Tommy Wilkes LONDON (Reuters) – European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later in the session. The rally on Thursday has lifted global stock indexes into positive territory for the week, despite widespread selling initially as investors fretted about soaring energy prices and the prospects of faster than expected interest rate rises to combat inflation. Still, the mood remains nervous — oil prices rallied again back towards multi-year highs …

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