PARIS: European shares closed higher on Thursday, with technology stocks leading gains, buoyed by Wall Street cheer after US jobless data eased concerns about the Federal Reserve’s aggressive tightening cycle.
The region-wide STOXX 600 rose 0.7%. For the year so far, it has fallen nearly 12% as investors head into 2023 in a wary mood.
“Investors are going into 2023 with a cautious mindset, prepared for more rate hikes, and expecting recessions around the globe. The bar is low but…