European Shares Rise With The Recovery of The Technology

European shares rose on Thursday, as a rebound in hard-hit technology shares and a rise in French liquor maker Rémy Cointreau allayed concerns about a surge in coronavirus infections across the continent.

The pan-European Stoxx 600 index rose 0.4 percent by 0809 GMT, recovering from a three-week low hit on Wednesday.

Shares of Rémy Cointreau jumped 9.9 percent to a record high after the company raised its full-year profit forecast after posting larger-than-expected operating profit in the first half.

Technology shares rose 0.9 percent, their first gain in six days after rising bond yields undermined the high-growth sector earlier in the week.

Germany’s DAX index rose 0.4 percent, also recovering from its lowest level in three weeks, although data showed weaker-than-expected growth for the German economy in the third quarter and weak consumer sentiment ahead of the Christmas shopping season.