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Aug 28 (Reuters) - European shares hit a
more-than-one-month high on Wednesday, boosted by technology
stocks ahead of Nvidia's ( NVDA ) results later in the day and as Ageas's
better-than-expected results lifted insurance stocks.
The pan-European STOXX 600 index gained 0.2% by
0715 GMT, to 519.86 points, its highest since July 15.
Tech stocks rose 0.4% and were the biggest boost to
the index, ahead of Nvidia's ( NVDA ) second-quarter results due
after U.S. trading hours.
The insurance sector gained 0.6%, the most among
sectors, lifted by Ageas's 6% jump after the
Belgium-based insurer's half-year net operating results beat
expectations.
Basic resources lost 0.6% after metals prices fell
as weak economic data in major economies and concerns about
demand weighed on prices.
Data showed French consumer confidence for August was at 92,
in line with estimates, helping lift the benchmark stock index
up 0.3%. Unemployment data is due at 1000 GMT.
Among individual stock moves, Elekta surged
10.2%, the most on the STOXX 600, after the Swedish radiation
therapy equipment maker reported its first-quarter results.
LEG Immobilien lost 3.3% after the German real
estate firm launched a 500 million euro convertible bond
offering.