European shares rise as Fed rates hold boosts property and tech stocks

Sainsbury’s closed 3.8% higher after the supermarket group said full-year profit would come in at the upper half of its forecast.

Shares in banks, which generally see their income rise amid rising rates, were out of sorts. AIB lost 1.7 per cent to €4.06, while Bank of Ireland dipped 0.7 per cent to €8.40. Sainsbury closed 3.8 per cent higher after the supermarket group said full-year profit would come in at the upper half of its forecast.

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