European stocks obtain tech support

European stocks obtain tech support

On Wednesday, reviving technology stocks gave EU shares another leg up, while deal chatter brought Sweden's Hexagon to a record peak.

The pan-European STOXX 600 benchmark as well as its euro zone rival STOXXE inched up 0.6% and 0.7% respectively, which is in line with blue-chips, with broad investor focus on the Fed rate verdict later in the day in which the financial institution is widely supposed to lift rates.

They soared to a session peak after Euro zone industrial output data demonstrated upbeat economic surge, and employment reached a record peak.

In the United Kingdom the FTSE 100 went up 0.5%, while midcaps FTMC gained 0.8%.

Hexagon leapt more than 16%, hitting a fresh record peak, following a Wall Street Journal report that the Swedish measurement technology company was in negotiations for a potential sale to undisclosed clients.

Technology stocks SX8P turned to be the best-performers for the second session running. They acquired 1.3%.

 

 

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