(Reuters) - By 0715 GMT, the pan-European FTSEurofirst 300 index was up 0.5 percent at 1,594.1 after falling 1.6 percent in the previous session when it closed at its lowest since May 17. It fell as much as 2.6 percent this week but is still up 7 percent so far this year.
"There's a strong base effect due to oil prices and probably inflation rates will start to diminish in the second half of this year," said Thierry Lacraz, a strategist at Pictet & Cie.
Read more at Reuters.com Hot Stocks News
"There's a strong base effect due to oil prices and probably inflation rates will start to diminish in the second half of this year," said Thierry Lacraz, a strategist at Pictet & Cie.
Read more at Reuters.com Hot Stocks News
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