European stock indices rose in early trading Thursday, as the chances of a US default on its debt decreased as talks progressed between Republicans and Democrats, and was driven by gains in the auto sector.
At the beginning of the session, the Stoxx Europe 600 index rose by 0.35% to 465.71 points, at exactly 10:03 am Mecca time.
The British FTSE 100 index increased by 0.45% to 7758 points, while the German DAX index increased by 0.90% to 16096 points, and the French CAC 40 index rose by 0.65% to 7449 points.
The gains were led by auto manufacturers, which rose by 0.9% in early trading, followed by the technology sector, whose shares rose by 0.7%.
Concerns about a US debt default eased after US President Joe Biden said late Wednesday that congressional leaders agreed not to allow it during constructive talks on the government's debt ceiling.
