European shares rise, supported by earnings results at the end of volatile April trading

European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth.

By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 percent.

The mining companies sector rose 1.9 percent and came at the forefront of the emerging sectors, while the technology sector increased by 1.7 percent, after the rise of its American counterparts on Thursday evening.

Shares in Dutch technology investment firm, which owns a large stake in China’s Tencent, jumped 8.3 percent after a report that US and Chinese regulators were negotiating audits in an important step to avoid delisting Chinese companies in the United States.

Denmark’s Novo Nordisk rose 5.4 percent after the company raised its full-year sales and operating profit forecast.

Dutch chipmaker BE Semiconductor plunged 6.2% after the company reported a fall in orders in 2022 due to lower demand for high-end smartphones and weak performance in Chinese markets.