Shares climb despite inflation flashing red for investors

The Stoxx-600 index closed up 1.3%
Shares climb despite inflation flashing red for investors

All of the Stoxx-600 index sectors ended the day in positive territory.

European shares climbed on Friday but saw sharp losses during a quarter marked by rising interest rates and tumbling risk sentiment, with hot inflation data from the region keeping investors on edge.

The Stoxx-600 index closed up 1.3% but had briefly pared some session gains after data showed eurozone inflation zoomed past forecasts to 10% in September, hitting a new record high.

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