European equities rose on Friday, but global stocks were headed for their first weekly decline in a month as traders weighed the economic implications of central banks raising interest rates to curb inflation.
The FTSE All World index of developed and emerging market shares added 0.1 per cent on Friday morning but remained on track for a weekly fall of around 1.3 per cent.
Europe’s Stoxx 600 share index added 1.1 per cent in early trades, after Nato states pledged to supply heavy weapons to Ukraine. The regional gauge was on track for a 0.4 per cent seven-day gain, following a 1.1 per cent rise for the previous week. But analysts have attributed regular day-to-day swings to developing news flow around Russia’s incursion into its neighbouring country.