European shares rise on tech boost, inflation data in focus
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Nov 28 (Reuters) -Tech shares led the gains as Europe's main stock index opened higher on Thursday, rebounding from a two-day fall that was steered by economic and political instability in France and the prospects of U.S. tariffs.
The pan-European STOXX 600 .STOXX index was up 0.6% at 0815 GMT, with some key inflation reports in focus to gauge the path of rate cuts.
Tech shares .SX8P jumped 1.85% as chip companies gained after Bloomberg reported that the U.S. administration's China chip curbs could be less severe than expected.
ASM International ASMI.AS, BE Semiconductor BESI.AS and ASML ASML.AS gained around 4% each.
France's blue-chip index .FCHI was up 0.5% after sliding to August lows in the previous session.
French Prime Minister Michel Barnier's government's future looks bleak, with his struggles to push the 2025 budget through a polarised parliament increasingly likely to topple his fragile coalition. A poll showed that 53% of French people want the government to fall.
Spain's preliminary data showed headline inflation for November rose to 2.4% from 1.8% in October, in line with expectations.
Germany's inflation data is due later and will help gauge the European Central Bank's rate-cut trajectory, a day after stubbornly strong U.S. inflation data prompted worries the Federal Reserve may be cautious about policy easing.
Trading volumes are expected to be light with the U.S. market shut for the Thanksgiving holiday.
Among individual stocks, UK's Direct Line Insurance DLGD.L soared over 36% in early trade after it rejected a 3.28 billion pound ($4.16 billion) takeover offer from bigger rival Aviva AV.L.
Reporting by Joao Manuel Mauricio in Gdansk; Editing by Savio D'Souza
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
