European shares recovered on Wednesday after a slight dip on Tuesday, driven by a surge in energy stocks from RWE and SSE. The two companies are among project developers that won contracts for guaranteed electricity prices in the latest UK offshore wind energy auction. The stocks were the top gainers on the utilities index, which rose one percent and is set to end a two-day losing streak. Markets are bracing for an eventful session as investors await a possible ruling from the US Supreme Court on the legality of tariffs imposed by US President Donald Trump. The European Stoxx 600 index rose by 0.3%.
European Shares Rise as Energy Giants Gain
European shares recovered on Wednesday after a slight dip on Tuesday, driven by a surge in energy stocks from RWE and SSE. The two companies won contracts for guaranteed electricity prices in the UK, leading to a 1% rise in the utilities index. Investors also await a US Supreme Court ruling on the legality of Trump's tariffs.