European shares rise on upbeat corporate updates and Wall Street gains

European shares rose on Friday as traders assessed a flurry of upbeat corporate updates from the region and as the index mirrored overnight gains on Wall Street after softer economic data and upbeat tech results.

The pan-European STOXX 600 (.STOXX), opens new tab was up 0.6%, as of 0926 GMT and hovered near two-year highs scaled earlier in the week.

Danske Bank (DANSKE.CO), opens new tab jumped 5.8% after the Danish lender reported fourth-quarter results and announced a share buyback program, while Vallourec(VLLP.PA), opens new tab climbed to the top of the benchmark index, up 7.6% after the French steel tubes maker said it expects 2023 results to exceed its prior outlook.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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