European Shares Rise, Supported by Positive Outlook

European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases.

The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and tracking an overnight rally on Wall Street, supported by optimism about an eventual economic recovery from the lows that the pandemic led to.

The German DAX index gained 0.5%, while the FTSE100 index of leading stocks in Britain advanced 0.6%, as the decline of the pound sterling supported the shares of companies that profit in dollars on the index.