European shares open higher, supported by major sectors

European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy.

The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices gains, while real estate shares rose 0.4 percent.

Vodafone shares fell 4 percent after it cut its free cash flow forecast for the full year and said profits would come at the lower end of its target range. The European telecoms index fell five percent.

Federal Reserve Vice Chairman Lyle Brainard suggested on Monday that the bank would soon cut interest rates but stressed that there was “more work to be done,” in comments that came close to others issued by Federal Reserve member Christopher Waller at the weekend. .