European shares edge higher as ASML lifts tech stocks
In short
European shares rose a little as the STOXX 600 bounced back from earlier losses. ASML had strong demand, which helped tech stocks, while oil prices rose after attacks on ships in the Strait of Hormuz.
Investors are waiting for US CPI data that could change rate expectations. The report does not say what the CPI will show or whether the gains will hold.
What the reporting says
European shares rose modestly as the STOXX 600 recovered from earlier losses, helped by strong demand for ASML that lifted technology stocks. Oil prices also increased after attacks on vessels in the Strait of Hormuz, while investors awaited US consumer price index data that could affect interest-rate expectations. The reporting leaves the CPI outcome and any lasting market reaction unknown.
Why it matters
European shares gained modestly, with the STOXX 600 recovering from prior losses as ASML’s strong demand supported technology stocks. Oil prices rose after vessel attacks in the Strait of Hormuz, which capped broader equity gains. Investors are now focused on US CPI data because it may influence interest-rate projections, but the reporting does not give the CPI result.