India, July 31 -- After showing a strong move to the upside early in the session, European stocks gave back ground over the course of the trading day on Friday.
The euro held near multi-week highs against the dollar after Eurostat data showed annual consumer inflation in the euro zone rose to 2.9 percent in July from 2.8 percent in June on higher energy costs, bolstering the case for the European Central Bank to raise interest rates again in September.
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