register now for free unlimited access to reuterscom register the german share price index dax graph is pictured at the stock exchange in frankfurt germany september 14 2022 reutersstaff sept 15 reuters  european shares inched higher on thursday supported by banks as markets showed some signs of recovery from a sharp selloff triggered by bets of aggressive interest rate hikes globally the stoxx 600 index stoxx rose 03 by 0711 gmt after slumping for two consecutive days hot us inflation data triggered a selloff across global equity markets earlier in the week as it cemented views that the federal reserve will hike rates by yet another 75 basis points bps next week the european central bank raised its benchmark lending rate by a large 75 bps last week european banks sx7p rose 1 leading sectoral advance as lenders stand to gain the most from a higher interest rate environment while morgan stanley said it was positive on lenders in the region reporting by shreyashi sanyal in bengaluru editing by sherry jacobphillips