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The Economic Times
The Economic Times

Global Markets: European stocks rise as STMicroelectronics' forecasts lift tech stocks

STMicroelectronics Euro Inflation Lebanon Mideast

European shares opened higher on Tuesday as strong forecasts from chipmaker STMicroelectronics lifted technology stocks, while investors awaited a key inflation report later in the day for ‌insights into ⁠how ⁠the Mideast conflict has affected the euro zone economy.

The pan-European STOXX 600 index rose 0.7% to 625.20 points by 0715 GMT. Technology stocks led sectoral gains with a 2.4% rise.

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