(Bloomberg) — Shares in Europe rose after a holiday break, tracking gains in Asia and on Wall Street as investors bet that the Federal Reserve will cut interest rates as early as March.
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The Stoxx Europe 600 climbed 0.3% in early trading. Technology stocks were among the biggest gainers as Prosus NV rebounded from a slump triggered by a selloff in Tencent Holdings Ltd. Miners advanced as iron ore held near an 18-month high, with Anglo American Plc up more than 2% and Glencore Plc rising 1.8%.
On the downside, container shipping firms fell after AP Moller-Maersk AS said it’s preparing to resume shipping through the Red Sea. The stocks had rallied on expectations that the disruption caused by attacks on Red Sea container traffic would allow companies to raise the prices. Maersk dropped as much as 5% Hapag-Lloyd AG slumped 4.7%.
US futures were virtually flat…
