European stocks rose on Tuesday, led by technology, travel and entertainment stocks, as investors prepared to read inflation in the euro zone, anticipating when interest rate cuts may begin next year.

The European STOXX 600 index rose 0.23 percent by 9:25 GMT, after declining on Monday.

Investors are now awaiting the final inflation reading for November in the euro zone due during the day, while keeping an eye on personal consumption spending data in the United States to be released this week.

This comes after the US Federal Reserve's tendency to ease monetary policy recently reinforced bets on an approaching interest rate cut, which led to strong gains in global stocks.

UBS shares rose 1.6 percent after Cevyan Capital Investment Company acquired a 1.3 percent stake in the bank.

Norwegian energy group Equinor's shares lost 1.6 percent after Canadian bank RBC lowered its rating on the stock.