Electrolux slips on weak consumer sentiment forecast
Danske Bank rises on share buyback program
MercedesBenz up after prelim FCF beat

Feb 2 Reuters European shares rose on Friday as traders assessed a flurry of upbeat corporate updates from the region and as the index mirrored overnight gains on Wall Street after softer economic data and upbeat tech results.

The panEuropean STOXX 600 was up 0.6, as of 0926 GMT and hovered near twoyear highs scaled earlier in the week.

Danske Bank jumped 5.8 after the Danish lender reported fourthquarter results and announced a share buyback program, while Vallourec climbed to the top of the benchmark index, up 7.6 after the French steel tubes maker said it expects 2023 results to exceed its prior outlook.

Danske39;s gains led financials up 1.

MercedesBenz shares advanced 2.9 after the German automaker reported its preliminary annual free cash flow FCF of the industrial business above market expectations.

The stock was among top performers on the German DAX 40 index, which rose 0.8.

Riding the wave, technology stocks added 0.9, tracking overnight gains in Meta Platforms and Amazon.com on posting betterthanexpected quarterly results.

Aiding the global sentiment, data showed U.S. worker productivity grew faster than expected in the fourth quarter on Thursday, helping the Federal Reserve in its fight against inflation and potentially setting the tone for global central bankers.

Markets will now await the U.S. jobs report, due…