© Archyde.com. An illustration of the German stock price index DAX at the Frankfurt Stock Exchange, Germany, on May 30, 2022. Photo: Archyde.com.
(Archyde.com) – European shares rose once more on Thursday, led by technology and healthcare shares, but falling energy shares and concerns regarding slowing economic growth capped gains.
The European index rose 0.4 percent by 0719 GMT. Trading volumes are expected to decline with London markets closed for a public holiday marking the platinum jubilee of Queen Elizabeth.
Oil sector stocks fell as crude prices fell amid reports that production may increase in response to the urgency of the United States. The markets are also awaiting a meeting of OPEC +, in search of indications regarding production.
Investors are also awaiting US private sector jobs data due later on Thursday.
Concerns regarding slowing growth have gripped the markets lately with rising inflation and central banks struggling to curb it without pushing economies into recession. The Stoxx 600 index is set to end the week down regarding 0.8 percent.
Scandinavian airline SAS jumped 4.4 percent following a report that a group of foreign investors was considering an acquisition.
(Prepared by Doaa Muhammad for the Arabic Bulletin)
