European stocks rose ahead of US inflation data

European stocks rose on Tuesday as investors hoped that US inflation data due for release later in the day would allow the Federal Reserve to slow the pace of interest rate hikes.

The pan-European Stoxx 600 index was up 0.1 percent by 0812 GMT.

Technology stocks led the index, rising 1.2 percent, supported by semiconductor stocks.

Financial services and energy sectors also supported the index, while health care shares fell 0.4 percent.

Novo Nordisk fell 1 percent after a report said the drugmaker had delayed launching an obesity treatment in Europe.

The Stoxx 600 index fell in the previous session due to 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.