European shares flat after hawkish ECB, Italian crisis-related volatility
European STOXX 600 index was flat, as gains in energy shares offset losses in most other sectors in early deals. The index had ended a volatile session higher on Thursday.Markets had gyrated after the ECB lifted rates by a larger-than-signalled 50 basis points, while scant details of a tool to control widening gaps between Europe's core and peripheral bonds left investors less than impressed.