European shares rise after gains for energy and chemicals stocks

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Dalata, with the airline advancing 1.9 per cent to €15.42.Britain’s blue-chip FTSE 100 index briefly hit a record high on Wednesday, boosted by gains in oil major BP.

The exporter-heavy FTSE 100 rose 0.3 per cent at close after hitting an all-time high of 7,934.30 in intra-day trading, surpassing its previous peak of 7,906.58 hit last week. The mid-cap FTSE 250 index climbed 0.6 per cent.rose 3.3 per cent to a more than three-year high, extending gains after the British energy giant on Tuesday reported record profit for 2022.

New York Federal Reserve president John Williams and Fed governor Lisa Cook said restrictive monetary policy was still needed to tackle inflation. The energy sector, up 1.7 per cent, was the top gainer in Europe, boosted by a 10.6 per cent rise in Finnish refiner

 

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