European shares rise ahead of Federal Reserve rate cut decision

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European shares rise ahead of Federal Reserve rate cut decision
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Kerry Group climbs in Dublin after raising its full-year guidance

European shares rose on Wednesday with heavyweight ASML jumping after a report that the Dutch chip equipment manufacturer would be exempted from a new US rule on foreign chip equipment exports. A slate of positive company earnings reports also helped stocks make gains.

The blue-chip FTSE 100 index gained 1.1 per cent to log its best month since April, while the FTSE 250 index added 0.8 per cent as the midcaps had their best month this year. The tech sector led gains across the major Stoxx sectors, jumping 2.6 per cent with ASML surging 5.6 per cent following a Reuters report that signalled it may be spared many of the new US restrictions being considered on exports to China.

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