April 29 Reuters European shares rose on Friday as strong earnings reports and a rally in mining and technology stocks boosted risk appetite at the end of a volatile month dominated by concerns about slowing global growth.

The panEuropean STOXX 600 index rose 0.8 by 0711 GMT, trimming its monthly declines to 1.1.

Miners rallied 1.9 to lead sectoral gains, while technology stocks rose 1.7 following a surge in U.S. peers overnight.

Dutch technology investor Prosus NV, which has a major stake in China39;s Tencent, jumped 8.3 after a report said U.S. and Chinese regulators are negotiating onsite audits in a key step to avoid U.S. delistings of Chinese companies.

Danish company Novo Nordisk gained 5.4 after it lifted its sales and operating profit outlook for the year, while French construction materials group SaintGobain rose 3.7 after it posted record firstquarter sales.

Dutch chipmaking equipment supplier BE Semiconductor slumped 6.2 after it said its order intake in 2022 has been limited by lower demand for highend smartphones and weakness in Chinese markets. 

Eurozone consumer prices data for April as well as the first reading of firstquarter GDP growth is due later in the day.

Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta

Source Reuters