May 22, 2012

Europe shares halt slide as euro rises

Europe shares halt slide as euro rises

photoPARIS (Reuters) – European stocks inched higher on Friday, reversing a small portion of the week’s losses and mirroring a rebound in the euro currency, but simmering fears over the borrowing costs of a number of euro zone countries kept investors on edge. Cyclical shares such as heavyweight miners were among the biggest losers, with Xstrata down 0.4 percent and Anglo American off 0.3 percent. At 12:49 p.m., the FTSEurofirst 300 index of top European shares was up 0.1 percent at 958.88 points in relatively low volumes, on track to post a loss of 2.6 percent on the week. …