©Reuters. An electronic board displaying the German DAX index at the Stock Exchange in Frankfurt, Germany on December 9, 2022. Photo: Reuters.
(Reuters) – European stocks moved higher on Tuesday as investors hoped US inflation data due later in the day would allow the Federal Reserve to slow the pace of interest rate hikes.
The European index was up 0.1% by 0812 GMT.
Technology stocks led the index, rising 1.2%, supported by semiconductor stocks.
Financial services and energy sectors also supported the index, while healthcare stocks fell 0.4%.
Novo Nordisk fell 1% after a report said the drugmaker delayed the launch of an obesity treatment in Europe.
The Stoxx 600 index fell in the previous session on 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 Arab Bulletin – Edited by Ali Khafaji)
