LONDON, United Kingdom – European stock markets ran out of steam on Friday, despite gains elsewhere, as investors continued to dwell on inflationary concerns, dealers said.
London stocks edged 0.2 percent higher near midday, while Frankfurt and Paris each dropped about 0.2 percent in eurozone early afternoon deals.
Markets had jumped Thursday after the Bank of England (BoE) became the latest major central bank to maintain ultra-low interest rates, echoing the views of the US Federal Reserve and its fellow institution in the eurozone that inflationary spikes are only temporary.
Traders have for months worried that the blistering global recovery will fan pr…
Keep on reading: European equities run out of steam before weekend