European shares rise on tech rebound; Remy Cointreau hits new high



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Nov 25 (Reuters) - European shares rose on Thursday as a rebound in hard-hit technology stocks and a surge in French spirits maker Remy Cointreau helped offset worries about soaring coronavirus cases across the continent.

The Europe-wide STOXX 600 index .STOXX rose 0.4% by 0809 GMT, bouncing off three-week lows hit on Wednesday.

Remy Cointreau RCOP.PA jumped 9.9% to a record high after it raised full-year profit outlook as strong demand for its premium cognac drove a stronger-than-expected operating profit in the first half.

Technology stocks .SX8P rose 0.9%, their first session of gains in six days, after rising bond yields hit the high-growth sector earlier this week.

Germany's DAX .GDAXI rose 0.4%, also coming off a three-week low even though data showed a weaker-than-expected German economic expansion in the third quarter and tepid consumer sentiment ahead of Christmas shopping season.

Radiation therapy equipment maker Elekta EKTAb.ST gained 8.1% after it reported a smaller-than-expected fall in August-October earnings amid a growing need for cancer care and radiotherapy.
Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur

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