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A graph of the German stock price index DAX is seen on the Stock Exchange in Frankfurt, Germany, August 24, 2022. REUTERS/Staff
Aug 26, 2010 European shares rose on Friday as a technology-led Wall Street rally lifted European peers, but sentiment was weighed down by worries over rising interest rates and rising energy costs.
The pan-European STOXX 600 (.STOXX) rose 0.4% and is set to end the week down 0.5%.
German consumer sentiment remained low for the third month in a row in September as households supported increasing energy costs, a survey showed, while French consumer confidence rose unexpectedly in August. Read more
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On Friday, copper prices rose on expectations that new stimulus measures from China will boost demand for miners (.SXPP).
Tech stocks (.SX8P) rose 1%, after Nvidia (.NVDA) and Amazon (AMZN.O) rallied ahead of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole conference.
Among other stocks, Danish brewer Carlsberg ( CARLb.CO ) slipped 0.8% after its Polish branch said it may reduce or stop beer production due to a lack of carbon dioxide supplies. Read more
Crisis-hit SAS ( SAS.ST ) slipped after reporting its deepest losses from May to July a year ago.
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Reporting by Anisha Sircar in Bengaluru: Editing by Sriraj Kalluvilla
Our Standards: The Thomson Reuters Trust Principles.
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