European stocks rise for the second session in a row

European shares rose on Wednesday, extending gains for a second consecutive session as investor sentiment continued to be positive, especially as the US government temporarily eased trade restrictions on the Chinese tech giant, Huawei.

As of 10:45 GMT, Stoxx Europe 600 rose by 0.2%, as it ended yesterday on a 0.5% gain, first gain in the last three sessions, boosted by the recovery of technology companies following the US government's decision.

The Index rose today to continue its gains for a second straight session, with most of the major markets and sectors in the green zone.

The technology sector led the European gainers' list for the second straight session, rising more than 0.7%, with most of the sector's stocks continuing to recover.

The US government on Tuesday allowed Huawei Technologies to buy US-made products to maintain existing networks and to provide updates to its company's worldwide software until August 19.

The US government banned the Chinese company from buying US products last week, leading Google to stop providing some services to Huawei.

Standard & Poor's 500 futures fell 0.2%. as the index ended yesterday's session on Wall Street up by 0.85%, its first gain in three sessions, as most technology stocks recovered.

Euro Stoxx 50 index gained 0.2%. while in France, the CAC 40 index rose 0.2% and Germany's DAX added 0.3%.

In London, the FTSE 100 rose by 0.5%, leading the list of gainers in Europe, on the pound's drop to a four-month low against the US dollar, as lower local currency rates boost the external revenues of companies that depend on international trade.