European stocks rise ahead of comments from US Fed

European stocks rose as investors were optimistic about growing expectations of lower interest rates as inflation declined, while they awaited the release of more economic data and statements from Federal Reserve Chairman Jerome Powell on Friday.

According to Reuters, the STOXX 600 index rose by 0.5% by 0810 GMT amid a broad rising wave following gains of 6.4% during November, in the best monthly performance of the European index since the beginning of the year.

The index is also on track to achieve gains for the third week in a row, led by gains in technology and financial services stocks

The mining companies sector was the biggest gainer in early trading today, rising 2.1% after the rise in metal prices.