European shares rise in early trade

European shares rose in early trade, as lower oil and gas prices eased some of investor concern about hyperinflation.

The pan-European Stoxx 600 index rose 1.1 percent in a broad-based buying wave, reversing its weekly losses with the advance of miners, automakers and utilities shares.

Oil prices fell for the second consecutive session, while European gas futures also fell from record levels.

There was also some support on the back of the US debt ceiling after US Senate Republican Leader Mitch McConnell announced plans to extend the borrowing limit through December.

Source

European shares rise early trade

 
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