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Tech stocks lead STOXX 600 higher; Barry Callebaut shimmers
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Tech stocks lead STOXX 600 higher; Barry Callebaut shimmers
Apr 10, 2024 12:47 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

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.

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