European shares rose by regarding 1% today, Tuesday, as investors bought shares that fell sharply in price, following intense selling in the previous session, caused by fears of a large hike in US interest rates and a possible economic recession.
The pan-European Stoxx 600 index rose 0.9% by 07:05 GMT, following falling 2.4% to its lowest level in three months on Monday.
The banking, travel, entertainment and technology sectors rose between 1.1% and 1.8%.
The main US stock index fell on Monday, as fears grew that an expected interest rate hike would push the economy into a recession.
Shares of German software company SAB rose 1.5% following the US company Oracle announced strong quarterly earnings.
Shares in French information technology firm Atos fell 5.8% following it announced that its chief executive, who took office in January, would resign following weeks of rows with the board over the company’s strategy.
