European shares rose on Tuesday amid low concerns regarding surprise output cuts by the Organization of the Petroleum Exporting Countries and uncertainties regarding the European Central Bank's monetary policy plans. The pan-European STOXX 600 index rose 0.2%. Retail and real estate shares led the gains for the overall market while tech shares fell 0.1% as bond yields continued to rise on fears of inflation stemming from OPEC's decision to cut oil output by 1.16 million barrels. Investors waited for Euro zone producers' price report for clues on the ECB's monetary path.
