European shares rise on Wall Street bounce; ECB decision in focus

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(Corrects deal value to $2.8 billion from $.28 billion in paragraph 7)

(Reuters) – European shares opened higher on Monday, catching the tailwind from a bounce on Wall Street that drove the benchmark S&P 500 to a record peak in the previous session, while investors await the European Central Bank’s policy decision due this week.

The pan-European STOXX 600 index was up 0.7%, as of 0810 GMT, following a 1.5% decline last week.

The S&P 500 index scaled a record high on Friday, the first in two years, fuelled by a rally in U.S. chipmakers and heavyweight technology stocks.

Technology…