European Shares Track The Rally in Asia

European shares rose, tracking a positive trading session in Asia, even as investors weighed the risks of monetary tightening after the European Central Bank indicated it was slowing its purchase of pandemic bonds.
The pan-European Stoxx 600 index rose 0.2 percent, but was still on track to end the week lower amid concerns about the global economic slowdown.

News of a call between Chinese leader Xi Jinping and US President Joe Biden provided some support for Asian stocks affected by the spat between the two countries, especially technology companies that are subject to tight regulatory scrutiny in Beijing.

Mining and technology stocks were among the top gainers in Europe, while telecom stocks were the biggest losers.