European shares rise ahead of key data

European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes.

The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street.

Until the last close, the index rose by 2.85 percent since the beginning of the current quarter compared to the sharp selling witnessed in the previous quarter, in light of expectations that central banks will adopt less restrictive policies amid a mixed set of data from the United States and Europe.

All eyes are now awaiting Eurozone data on construction activity for September and retail sales for August, due for release later on Thursday.

The real estate and auto sectors rose 1.5 percent each, leading gains in the sub-indices listed on the Stoxx 600.

Credit Suisse Group shares jumped 4.2 percent to the top of the Stoxx 600 index after JP Morgan upgraded the Swiss bank’s stock.