(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 26 (Reuters) - European shares climbed on Friday,
boosted by mining and technology sectors, although the main
benchmarks were on course for steep weekly losses as investor
concerns heightened over the U.S. debt ceiling impasse and a
slowing global economy.
The pan-European STOXX 600 index .STOXX rose 0.4% by 0707
GMT, after closing at an eight-week low on Thursday.
Miners .SXPP jumped 2.6%, tracking a rebound in metal
prices, as the global mood improved after the progress made in
the U.S. debt ceiling negotiations, while technology stocks
.SX8P extended their recent run of gains.
Also lifting miners, Rio Tinto RIO.L climbed 3.6% after
Morgan Stanley upgraded the stock to "overweight" from "equal
weight".
Shares of debt-ridden French supermarket company Casino
CASP.PA slumped nearly 9% as they resumed trading after being
suspended earlier this week.
The retailer said it was officially starting court-backed
negotiations with its creditors, seeking a way out of its
financial woes while weighing two tie-up bids from wealthy
investors.
Shares of ProSiebenSat.1 PSMGn.DE inched 0.2% higher after
the German media group confirmed its full-year outlook.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry
Jacob-Phillips)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2787;))
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