European shares rose more than 1% at the start of the session

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European shares rose more than 1% in early trading Thursday, in light of optimism about the progress of US political negotiations on the debt ceiling.

 

This came after US Senate Minority Leader Mitch McConnell offered a short-term suspension of the debt ceiling in order to avert an economic crisis.

 

The “Stoxx Europe 600” index rose by 1.1% to 456 points, at exactly 10:09 am Mecca time.

 

The “FTSE 100” index also rose by 1.1% at 7,072 points, the German “Dax” by 1.2% to 15,159 points, and the French “CAC” by 1.2% at 6572 points.

 

Data showed German industrial production fell more than expected in August due to supply chain disruptions, falling by 4% month over month, after rising 1.3% in July.

Source: numbers

The article European shares rose more than 1% at the beginning of the session was written in Al Borsa newspaper.