European shares rise after the recovery of the technology sector


European shares rose on Thursday, after hard-hit technology shares rebounded, and French liquor maker Remy Cointreau surged to dispel fears of a spike in coronavirus infections on the continent.
The pan-European Stoxx 600 index rose 0.4%, recovering from a 3-week low hit on Wednesday.Shares of Remy Cointreau jumped 9.9% 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%, their first gain in six days, after rising bond yields undermined the high-growth sector earlier in the week.

The German DAX index rose 0.4%, also recovering from its lowest level in 3 weeks, although data showed less-than-expected growth for the German economy in the third quarter, and weak consumer sentiment ahead of the Christmas shopping season.





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