European shares opened up on Friday, after a two -day decrease with investor seizure of the energy sector shares, which witnessed a decline, although comments on cash tightening are from more Federal Reserve officials (the US Central Bank) limited the gains.
The index (the European Stoxx 600) increased 0. 4% by 08:13 GMT, with the shares of the basic resources sector 1. 1% after it decreased by more than 3% in the previous two sessions.
The banking sector also rose 0.
3% as the European Central Bank is ready to start the largest cash withdrawal from the euro region’s banking system in its history, as banks are expected to pay about 500 billion euros of long -term targeted re -financing loans.
The shares of the sensitive technology sector for the interest rate decreased 0. 6%, after James Pollard, head of the Federal Reserve Bank in St. Lewis, said that interest rates need to be between five and 5.
25%, up from the current level of less than 4%, to be enough to curb Inflation..
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