European shares skid on recession fears; German producer prices see highest-ever rise
Among the biggest drags was French catering and food services group Sodexo, down 1.9%, after Jefferies cut the stock to “hold” from “buy” to factor in a cautious recessionary scenario over fiscal year 2023-2024.The benchmark is set to end the week about 0.3% weaker, as gains in commodity-linked oil stocks and miners as well as food & beverage stocks were offset by declines in real estate and retail shares.
