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March 3 Reuters European shares rose on Friday, as hopes that the U.S. Federal Reserve could adopt a measured approach for rate hikes ahead lifted technology stocks, while miners jumped on growing bets of demand recovery in China.

The continentwide STOXX 600 rose 0.7 in early trading, with ratesensitive tech stocks up 1.4.

Overnight, Atlanta Fed President Raphael Bostic favoured a slow and steady rate hike moving forward and a pause by mid or latesummer.

Policy meetings from both the Fed and the European Central Bank ECB, and U.S. jobs data are on tap for the next two weeks, while China39;s annual parliament session is on Sunday when Beijing will set its economic goals for the year.

Mining stocks rose 2.0 as prospects of China39;s reopening shoring up demand was a theme that played out for much of the week after the country39;s data pointed to improving economic conditions.

The mining index was set to rise nearly 7 this week, tracking its biggest weekly gain since May 2021, and outpacing other major sectors. The broader STOXX 600 index was set to gain 1 for the week.

Laggards for the week were defensive plays such as utilities .

China39;s reopening has also been key for luxury stocks, including luxury giants LVMH and Kering, which have driven much of the…