The European basic resources sector declined by 0.4%, while media shares gained 1.1% as the media sector outperformed. The European benchmark closed up 0.22%, breaking seven sessions of losses, the longest such streak since February 2018, after having lost 1% so far this week, as compiled by LSEG.
The global market mood has taken a turn for the worse over the past few days as investors digest disappointing Chinese data, rising government bond yields, and renewed inflation worries in the United States.
The August US consumer price index is set to be released on Sept. 13. Oil and gas prices have also risen this week amid Saudi Arabian supply cutbacks and a strike in Australia. On Thursday, the eurozone final figures indicated that the economy increased by 0.1 percent in the second quarter.
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