European Shares Rise as Oil Prices Ease on Thursday
The STOXX 600 index rose 0.5 percent as Brent crude futures fell to 95.06 dollars per barrel following a ceasefire agreement between Israel and Lebanon. Healthcare and software stocks led the gains while investors weighed potential interest rate hikes from the European Central Bank next week.
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The pan-European STOXX 600 index rose 0.5% to 624.45 points on Thursday afternoon. Gains followed a 2.8% drop in Brent Crude Oil to $95.06 a barrel after a ceasefire agreement. Investors are rotating into defensive sectors as geopolitical tensions in the Middle East and inflation risks persist.
