Europe Stocks Shudder Ahead of US Inflation Data

European stock markets were on edge last Friday as investors awaited crucial inflation data from the US. Despite a slight increase of 0.3% in the pan-European STOXX 600 to 637.60 points, the market was poised for its biggest weekly loss since April.

The recovery came after the European Central Bank raised interest rates and issued warnings about rising inflation linked to soaring energy prices due to ongoing Middle East tensions.

Italian semiconductor firm Technoprobe gained 4.7% following robust August revenue reports from its customer, TSMC.