European shares rose on Wednesday after Norwegian oil and gas workers ended their strike, easing concerns about an energy supply crisis, while Just Eat Takeaway.com jumped 15.5% later. that Amazon has agreed to buy a stake in its Grubhub unit.
The pan-European STOXX 600 index closed up 1.66% at 407.34 points, after falling 2.1% in the previous session, as the shutdown in Norway threatened to cut power supplies and severely hurt the euro, which continued to depreciate on Wednesday.
Gains were broad-based, with consumer staples and technology roles leading the way. The energy sector relented as oil prices fell to 12-week lows on recession fears.
The STOXX 600 has lost 16.5% so far this year as investors juggled to adjust their expectations of corporate earnings and economic growth in the wake of aggressive moves by central banks to tame rising prices.
Just Eat Takeaway.com was among the biggest gains on the STOXX 600 after Amazon agreed to acquire a 2% stake in US food delivery unit Grubhub and said it would offer its Prime members access to the service for one year. .
- In London, the Financial Times index advanced 1.17%, to 7,107.77 points;
- In Frankfurt, the DAX index rose 1.56% to 12,594.52 points;
- In Paris, the CAC-40 index gained 2.03% to 5,912.38 points;
- In Milan, the Ftse/Mib index appreciated by 1.04%, at 20,920.99 points;
- In Madrid, the Ibex-35 index registered a drop of 0.14%, at 7,948.60 points;
- In Lisbon, the PSI20 index rose by 0.08%, to 5,884.09 points.
Source: CNN Brasil
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