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Energy shares boost European shares ahead of ECB minutes; DAX jumps after GDP data

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News Tech: Aug 25 (Reuters) – European shares rose on Thursday after GDP data from the continent’s largest economy beat analyst expectations, while gains were capped on nervousness ahead of minutes from the European Central Bank’s last policy meeting.

Germany’s DAX (.GDAXI) jumped 0.8%. The German economy expanded by 0.1% in the second quarter, beating analyst expectations, supported by private and government spending despite the energy crisis. read more

The pan-European STOXX 600 (.STOXX) rose 0.6% as of 0712 GMT. Energy stocks jumped 1.2% to near 12-week highs as crude prices rose on mounting supply tightness concerns.

Market focus was also on minutes from the European Central Bank’s last policy meeting in July to be released later in the day, when the bank hiked its interest rate by a larger-than-expected 50 basis points, as well as German Ifo business numbers due at 0800 GMT.

Source: Reuters Trust Principles.

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