European stocks rose on Friday, with Wall Street’s overnight rally boosting European peers, despite sentiment weighing on concerns about the path of interest rate rises. and rising energy costs.
The pan-European STOXX 600 index was up 0.4%, although headed for a weekly drop of 0.5%.
German consumer confidence is set to hit an all-time low for the third consecutive month in September as households brace for rising electricity bills, according to a survey published on Friday, while French consumer confidence rose unexpectedly. in August.
Miners rose as copper prices rose on hopes new stimulus measures from China would boost demand.
Tech stocks rose 1% after Nvidia (NASDAQ: NVDA ) and Amazon (NASDAQ: AMZN ) propelled the sector higher ahead of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole conference. (1400 GMT).
Among other stocks, Danish brewer Carlsberg (CSE: CARLb ) fell 0.8%, after saying its Polish subsidiary may cut or stop beer production due to lack of carbon dioxide supplies.
The airline SAS fell after reporting that its losses in May-July were greater than those of the previous year.