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April 2 (Reuters) - European stocks kicked off the
second quarter on a higher note, with focus on a string of
economic data points including inflation data from Germany that
could provide clarity on the timing for interest rate cuts from
the European Central Bank.
The continent-wide STOXX 600 was up 0.3% by 0712
GMT on Tuesday, as investors returned to markets following an
extended weekend and the Easter holidays.
Technology stocks boosted the benchmark index, with
BE Semiconductor Industries jumping 4.6% after
brokerage Barclays upgraded the stock to "overweight" from
"equal weight".
Germany's DAX climbed 0.3%, ahead of consumer price
index data due at 1200 GMT, where economists polled by Reuters
expect a 2.2% annual rise in March, compared with a 2.5%
increase in the month before.
Data from the region's largest economy could be seen as a
bellwether for broader euro zone inflation, data for which is
expected on Wednesday.
UBS gained 1.2% after the lender announced it was
launching a new share buyback programme of up to $2 billion,
with up to half being completed in 2024.