European Shares Rise Ahead of Central Bank Meetings

European shares rose on Monday after their worst week in more than two months, as investors looked ahead to the European and British central bank meetings amid concerns about monetary policy tightening, rising inflation and geopolitical tensions.

The pan-European Stoxx 600 index rose 0.9 percent, with technology shares up 2 percent, after falling 13 percent so far this month.

Vodafone shares rose 2.8 percent after it said it would cooperate with Intel and other companies in a special engineering design for its electronic chips to enhance innovation and efficiency in network technology.

Shares of KBN, the largest telecom operator in the Netherlands, rose 1.1 percent after announcing a new program to buy its shares and increase its dividends during 2022 after its core earnings rose thanks to growth in mobile phone revenue.

Ryanair shares fell 1.1 percent after it suffered a loss of 96 million euros ($ 107 million) in the last three months of last year, and its chief executive, Michael O’Leary, said the outlook was largely ambiguous.