European shares rise as oil workers’ strike ends in Norway

European shares rose on Wednesday after oil and gas workers in Norway called off their strike, quelling fears of an energy supply shortage, while shares of Just Eat Tekaway.com rose after Amazon agreed to buy a stake in its unit GroupHub.

The pan-European STOXX 600 index rose 1.3 percent by 0713 GMT, a day after some of Norway’s oil and gas production was halted as a result of the strike and exacerbated inflation fears.

Germany’s DAX index rose 1.4 percent after losing about 3 percent in the previous session. German industrial production orders growth data showed a surprise in May, reversing its trend after a three-month decline.

Among the European sectors, shares of retail, travel and entertainment companies rose.

Just Eat Ticaway.com shares jumped 14.2 percent after Amazon agreed to buy a 2 percent stake in US meal-delivery unit GroupHub.