Banks lift European bourses as rate hike, recession fears grow

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FRANKFURT, Aug 30 ― European shares inched higher today following a two-day selloff as banking shares boosted stocks, though fears around a burgeoning energy crisis, interest...

FRANKFURT, Aug 30 ― European shares inched higher today following a two-day selloff as banking shares boosted stocks, though fears around a burgeoning energy crisis, interest rate hikes and a looming recession kept gains in check.

Spain's IBEX rose 0.7 per cent. Spanish national consumer prices rose 10.4 per cent year-on-year in August, down from 10.8 per cent the previous month, preliminary data showed.

 

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