Shares rise across Europe as traders return from long weekend
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in London rose on Tuesday as traders returned from the long weekend in a buoyant mood which helped to send France’s main stock index to a new high. “European stock indices continued to rise on Tuesday despite the IMF expecting global growth to slow from 3.4% in 2022 to a downwardly revised 2.8% this year,” said Axel Rudolph, senior market analyst at online trading platform IG. Mr Rudolph continued: “Last week’s appreciation in the US dollar, boosted by Friday’s strong US employment data as investors factor in a near 70% probability of another 25 basis-point Fed rate hike, has given way to some profit taking and depreciation in the greenback ahead of Wednesday’s inflation data.