European stocks rise on a boost from bets on stopping interest rate hikes

European stocks rose on Thursday, driven by the rise in real estate and technology stocks affected by interest rates, as investors bet on the possibility of the end of monetary tightening policy in the United States after the Federal Reserve kept interest rates unchanged.

The European STOXX 600 index rose 1.2 percent by 0815 GMT.

US Central Bank Chairman Jerome Powell kept the option available to raise interest rates again if progress in reducing inflation stagnates, but he expressed concern that the rise in market interest rates would begin to impact the economy negatively.

The real estate sector increased 2.7 percent, with the shares of Finnish housing company Kojamo rising 7.6 percent after the company announced its business results for the third quarter.

The technology sector also rose 2.3 percent, with the shares of Just Eat Take Away.com, the largest company in Europe for online meal delivery, rising by seven percent.

The stock of the Swiss recruitment company Adecco saw the largest increase on the STOXX 600, rising 10.2 percent after the company announced higher-than-expected net profits in the third quarter.

Shell shares increased 1.4 percent after it announced recording profits in the third quarter, consistent with expectations, amounting to $6.2 billion.