© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 21, 2022. REUTERS/Staff

(Reuters) – European shares rose for a second straight session on Thursday, propped up by financial and energy stocks, as investors cheered improving consumer sentiment in the United States after inflation expectations eased.

The region-wide index was up 0.3% at 0809 GMT in holiday-thinned trading, taking cues from an upbeat session on Wall Street overnight.

Wall Street’s main indexes logged their biggest daily gains so far this month on Wednesday, helped by a reading which showed U.S. consumer confidence rose to an eight-month high in December as inflation retreated and the labour market remained strong.

Among STOXX 600 sectors, energy stocks jumped 0.7% to spearhead gains, as they tracked oil prices higher. [O/R].

Banks were up for a fifth straight session, rising 0.5%.

LondonMetric Property fell 2.4% as Citigroup (NYSE:) cut the UK-based real estate investment trust’s rating to “neutral” from “buy.”

Reuters

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