European shares open higher on tech boost ahead of cenbank decision flurry
2024.06.20 03:45
(Reuters) – European shares opened higher on Thursday, boosted by rising technology shares, with the focus squarely on interest rate decisions by several central banks across the region later in the day.
The pan-European gained 0.3% as of 0713 GMT. Technology stocks led gains, rising 0.7%, with construction and materials also rising 0.7%.
Lifting the tech index was ASMI, which jumped 4.1% after Morgan Stanley upgraded the semiconductor equipment manufacturer to “overweight” from “equal-weight”.
Later in the day, central banks in England, Switzerland and Norway are set to announce their monetary policy decisions. UK’s rose 0.1%, while Switzerland’s benchmark edged 0.1% down.
Among other stocks, French food group Danone said it is targeting annual sales growth between 3% and 5% over the next four years. Its shares slipped 2.9% early on.
Tate & Lyle (OTC:) fell 6.5% after the British food ingredients maker said it will buy U.S.-based CP Kelco for $1.8 billion from J.M. Huber Corporation. Its shares were also trading ex-dividend.
