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March 31 Reuters European shares were broadly flat on Friday, the last trading session of a turbulent March, as waning fears of a banking crisis allowed investors to focus on U.S. and eurozone inflation reports for fresh cues on global interest rate moves.

The panEuropean STOXX 600 index was headed for a secondstraight quarterly gain, but on track to end March slightly lower.

Retail shares continued to maintain momentum, adding 0.7, while real estate and tech shares lost 0.6 and 0.5, respectively.

Banks fell 1.0 with Swedbank down 5.9 the sector set for its worst monthly performance since March 2020, as the collapse of two midsized U.S. lenders and the takeover of Credit Suisse fuelled worries about stress in the sector.

While a slew of measures to support the sector and a rally in technology stocks have pushed the STOXX 600 to threeweek highs, investors have not completely shaken off fears of risks in the future.

What lies ahead is tricky. Our forecasts for economic growth and interest rates are largely sideways. We don39;t expect rate cuts by the Federal Reserve or the ECB this year, said Willem Sels, Global CIO, Private Banking Wealth Management, HSBC.

The market will have to reassess its dovish reaction as inflation, especially core inflation, was coming down agonizingly slowly, he added.

Investors will closely monitor flash estimates of…