European shares rise, supported by technology and mining companies

European shares rose on Friday as Wall Street’s rally, supported by technology companies overnight, lifted its European peers, but the sentiment was affected by concerns about the pace of interest rate hikes and rising energy costs.

The pan-European Stoxx 600 index rose 0.4%, and is heading to end the week down 0.5%.

A survey showed that consumer confidence in Germany will hit a record low for the third consecutive month in September as households prepare for higher energy bills, while consumer confidence in France unexpectedly rose in August.

Mining stocks rose on Friday as copper prices rose, hoping that new stimulus measures from China would boost demand. Technology shares rose 1 percent.

SAS shares fell after announcing that it incurred greater losses from May to July, compared to the corresponding period of the previous year.