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April 10 (Reuters) - European shares rose on Wednesday,
led by gains in technology-related stocks ahead of a crucial
inflation report out of the United States, while Barry Callebaut
soared to a more-than-three-month high following results.
The pan-continent STOXX 600 added 0.7% by 0717 GMT,
led by a 1.2% gain in the technology sector following
upbeat quarterly revenue from Taiwan chipmaker TSMC
Data on the U.S. March consumer prices, expected at 1230
GMT, is likely to offer clues on when the Federal Reserve could
deliver its first rate cut, given recent U.S. data that
reflected a resilient economy and labour market.
Among single stocks, Barry Callebaut reported
upbeat half-yearly revenue helped by increasing cocoa prices,
sending shares of the chocolate maker up 8.1%.
Italgas slipped 0.9% after the Italian gas
distributor sent a preliminary offer worth 4-5 billion euros
($4.3-5.4 billion) for its main domestic rival 2i Rete Gas, as
per a report.
Koninklijke Philips surged 5.8% after the medical
equipment maker reached an agreement with the U.S. government on
a consent decree regarding its Respironics' business operations
in the country.