(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 31 (Reuters) - European shares rose on Friday, the
last trading session of a turbulent March, as investors awaited
U.S. and eurozone inflation reports for more clues on global
interest rate moves amid receding fears of a banking crisis.
The pan-European STOXX 600 index rose 0.2% by 0707
GMT, headed for a second-straight quarterly gain. However, it is
on track to end the month slightly lower.
Investors will closely monitor flash estimates of euro zone
inflation data, which is expected to show a moderation in
consumer price growth in March on a yearly basis.
Among sectors, retail and basic resources continued to maintain a solid momentum, rising 0.7% and 0.8%,
respectively.
Swiss engineering company ABB edged up 0.8% as it
said it will launch its new $1 billion share buyback on April 3
with the intention to buy up to 30 million of its shares.
(Reporting by Shubham Batra in Bengaluru; Editing by Janane
Venkatraman)
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