European shares recover from three-week lows, but weekly momentum fizzles

European stocks rebounded Friday, with the STOXX 600 gaining 0.8%, largely driven by financials and industrials. Steel producers surged on reports of potential EU tariffs against Chinese imports. Healthcare stocks ended flat despite new US drug tariffs, as the impact was already priced in. US inflation data eased fears of delayed rate cuts, while InterContinental Hotels Group saw significant gains.

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