European shares set for weekly gains; UK's Phoenix soars [Reuters]
CHRISTIAN DIOR SE UNS/ADR (CHDRY)
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Source: Reuters
by losses in technology shares, while investors awaited comments from European Central Bank policymakers later in the day. The pan-European STOXX 600 index (.STOXX) , opens new tab was up 0.1% and was on track for its eighth consecutive weekly gain after notching another fresh high earlier in the day, with Britain's FTSE 100 (.FTSE) , opens new tab outperforming regional peers. British retail sales unexpectedly held steady in February despite wet weather hitting in-store sales, adding to signs the economy is recovering from last year's mild recession. "January's bounce in UK retail sales was short-lived, with February's reading flat, and down by 0.4% on last year's number. This was slightly ahead of economists' expectations, but overall, not a great sign for the UK economy," said Michael Field, European market strategist at Morningstar. Rate-sensitive technology shares (.SX8P) , opens new tab slipped 1% after leading sectoral gains on Thursday, while the personal and household
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