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European shares claw back some of the ground lost last week

News Snapshot:

Meta, parent of Facebook, saw its shares fall as the European Commission said it could impose a fine of up to 10% of the tech conglomerate’s annual global turnover if evidence shows a breach of the EU’s antitrust laws. Photograph: Brian Lawless/PA European shares edged higher on Monday to claw back some of their losses last week, which had been sparked by growing fears of a global recession as major central banks promised further interest rate hikes ahead. The pan-European STOXX 600 index closed 0.3 per cent higher. Still, the index remains down almost 13 per cent so far this…

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