European Shares Rise on Tech

European shares rose on Tuesday as technology stocks rose, tracking overnight gains from their Wall Street peers, offsetting losses in Swedish and healthcare firms’ Ericsson shares.

The pan-European Stoxx 600 index was up 0.1 percent by 0708 GMT, with technology shares gaining 0.7 percent.

Telecom equipment maker Ericsson fell 3 percent after the impact of problems in the global supply chain outweighed its basic earnings that exceeded expectations in the third quarter of the year, and French food group Danone fell 1.3 percent after it recorded a rise in costs and a slowdown in sales growth in the quarter. the third.