European shares post weekly losses while Volkswagen gains
European shares ended the week lower due to inflation worries and geopolitical tensions. Volkswagen jumped after agreeing on a turnaround plan. Markets now eye upcoming inflation data.
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European shares fell 0.8% over the week ending Friday afternoon amid sticky inflation worries and geopolitical friction. The benchmark STOXX 600 edged up 0.1% to finish at 649.88 points on Friday. The weekly slide reflects mounting pressure on equities as crude prices climbed.
