© Archyde.com. An electronic board showing the German DAX index on the Frankfurt Stock Exchange, Germany, on December 9, 2022. Photo: Archyde.com.
(Archyde.com) – European stocks rose on Tuesday as investors hoped that US inflation data due later in the day would allow the Federal Reserve to slow the pace of interest rate hikes.
The European index rose 0.1 percent by 0812 GMT.
Technology stocks led the index, rising 1.2 percent, supported by semiconductor stocks.
Financial services and energy sectors also supported the index, while health care shares fell 0.4 percent.
Novo Nordisk fell 1 percent after a report said the drugmaker had delayed launching an obesity treatment in Europe.
The Stoxx 600 index fell in the previous session due to fears of an increase in Covid-19 infections in China and the interest rate decisions that the Federal Reserve and other major central banks will issue this week.
(Prepared by Amira Zahran for the Arabic Bulletin – Edited by Ali Khafaji)