European shares rose on Wednesday, joining Asian peers, although caution remained amid disappointing China factory activity data, and as investors looked to U.S. Federal Reserve Chair Jerome Powell’s speech for more clues on monetary policy stance.
Broad-based gains saw the pan-European STOXX 600 index rise 0.3% by 0825 GMT, on track to break a three-day losing streak.
The index is up around 6.4% for November, putting it on course for its second straight month in the black.
Miners underperformed, dropping 0.5% as iron ore and copper prices fell on demand fears after data showed China’s
manufacturing and services activities shrank further in November to seven-month lows, stung by the country’s strict COVID-19 restrictions.