European shares rose on Tuesday, after a difficult start to the week as concerns about a looming energy crisis and recession weighed on risk appetite.<\/p>\n\n\n\n
The Stoxx 600 index rose 0.5%, moments after the start of trading, and is heading to recover from a loss of 0.6% in the previous session, on the back of news that Russia will stop pumping gas through the Nord Stream 1 pipeline to Europe.<\/p>\n\n\n\n
The German DAX index jumped 0.7 percent, after falling more than two percent on Monday.<\/p>\n\n\n\n
Investors have closely followed developments about the shutdown of gas in the Nord Stream pipeline, which has raised fears of higher energy prices and winter supply shortages in the region.<\/p>\n\n\n\n
Russia’s executive vice president of Gazprom, Vitaly Markelov, told Reuters that Nord Stream 1, which brings gas to Germany, will not resume shipments until energy company Siemens repairs faulty equipment.<\/p>\n\n\n\n
Siemens shares jumped 3.1 percent after the company said at the weekend that it had not been authorized to carry out repair work.<\/p>\n","protected":false},"excerpt":{"rendered":"
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