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The pan-European STOXX 600 index rose 0.3% to 637.60 points by 0716 GMT, after closing at a two-month low in the previous session. Read more: Global Market: Japan's Nikkei falls 3% as oil surge, US rate hike fears weigh ECB Hawkish Stance Weighs on Sentiment The European Central Bank raised interest rates as expected on Thursday but warned that inflation could rise further as energy prices surge amid the prolonged conflict in the Middle East. Oil prices remained above $100 a barrel for a third consecutive day, adding to concerns over inflation and the potential for further monetary policy tightening. According to Reuters, the ECB's hawkish outlook has fueled expectations for additional rate hikes, while government bond yields around the world have climbed. The U.S. 10-year Treasury yield, a key benchmark for global borrowing costs, remained just below the closely watched 5% threshold. Germany's 10-year government bond yield also stayed near multi-decade highs. Read more: Global Market Today: Asian stocks, bonds fall on oil, inflation concern U.S. Inflation Data in FocusInvestors are now turning their attention to U.S. consumer price inflationdata due later on Friday. The figures could offer fresh clues about the Federal Reserve's interest rate outlook ahead of its monetary policy meeting next week. A stronger-than-expected inflation reading could reinforce expectations for tighter monetary policy and put further pressure on equities, while softer data could ease concerns over the pace of future rate increases. Technoprobe Gains on TSMC Revenue Among individual stocks, Italian semiconductor testing equipment maker Technoprobe rose 4.7%. The gain came after its customer Taiwan Semiconductor Manufacturing Company reported strong August revenue, boosting sentiment toward companies exposed to the global semiconductor industry. Overall, European equities remained under pressure from rising borrowing costs and renewed inflation concerns, with investors awaiting U.S. economic datafor greater clarity on the path of interest rates. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimershere (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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