European shares higher, supported by major sectors ‎

European shares started trading higher on Tuesday, supported by the major utilities and real estate shares, after statements by more Federal Reserve officials (the US central bank) dampened hopes of a shift in the bank’s policy.

According to “Reuters”, the Stoxx 600 index rose 0.1 percent by 0813 GMT. The utilities index rose 0.9, topping the sub-indices’ gains, while real estate shares increased 0.4 percent

Vodafone (LON:VOD) shares fell 4 percent after it cut its full-year free cash flow forecast and said earnings would come in at the lower end of its target range. The European telecoms index fell five percent

Federal Reserve Vice Chairman Lyle Brainard suggested on Monday that the bank would soon reduce interest rates, but she stressed that there was “more work to be done,” in comments that came close to others issued by Christopher Waller, a member of the Federal Reserve at the beginning of the week.