European shares rise at the end of the session led by the financial services sector

European shares ended trading on Tuesday, the twelfth of July, on the rise, following incurring losses at the beginning of the session, as investors follow the performance of the single European currency and political developments.

At the end of the session, STOXX600 rose by 0.4%, recording 416 points, and the German DAX rose 0.52%, recording 12898 points.

The French CAC rose by 0.8% at 6044 points, while the British FTSE closed with gains of regarding 0.2%, recording 7211 points.

The shares of financial services companies led the gains of the European Stock Exchange, which rose by regarding 2%, while the shares of the oil and gas sector fell by 1.2%.

The euro fell to touch the parity rate with the dollar earlier in the session for the first time in 20 years before rising once more.

The Council of the European Union has approved a new aid package of 1 billion euros for Ukraine.

The European Union has also given final approval for Croatia to enter the eurozone next year.

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