European shares bounce off 3-week lows as utilities rise

Investing.com | Nov 25, 2021 at 8:43 AM
  • European shares rose on Thursday as investors bought into defensive sectors such as utilities amid worries about soaring coronavirus cases across the continent.
  • After concerns about faster U.S. rate hikes dented global sentiment, strong economic data helped Wall Street close higher on Wednesday and supported markets across the globe.
  • Remy Cointreau jumped 13.4% to a record high after it raised its full-year profit outlook as strong demand for its premium cognac drove a stronger-than-expected operating profit in the first half.