European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally.
The pan-regional STOXX 600 rose 0.8%, supported by consumer discretionary stocks. The automobiles and parts sector gained 2.5% and luxury names like LVMH and Kering added about 1.5% each.
