European Shares Open Higher on Industrials and Tech Strength

 

European markets started the day positively on Wednesday, with industrials and technology sectors leading the gains. All eyes remained on upcoming U.S. inflation figures and the French elections later this week.

 

The STOXX 600, representing European stocks, rose by 0.4% as of 0712 GMT. Industrial stocks saw a 0.6% increase, boosted by a 2.5% rise in Germany's DHL following a strong profit forecast from U.S. competitor FedEx (NYSE: FDX) for fiscal 2025.

 

Meanwhile, the technology sub-index climbed nearly 1%, echoing gains seen on Wall Street overnight.

 

Investors are particularly focused on the upcoming U.S. inflation data, which could influence the Federal Reserve's interest rate decisions. Additionally, consumer price reports from France, Spain, and Italy are expected later this week. The first round of French parliamentary elections is also a significant event being monitored closely by investors.

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.