Industrials, tech push European shares to open higher

(Reuters) – European shares opened higher on Wednesday, with industrials and technology stocks among top gainers, while focus remained on crucial U.S. inflation data and French elections due later in the week.

The pan-European was up 0.4%, as of 0712 GMT.

The industrials added 0.6%, underpinned by Germany’s DHL with a 2.5% jump after U.S. peer FedEx (NYSE:) forecast its fiscal 2025 profit above analysts’ estimates.

The technology sub-index advanced nearly 1%, tracking an overnight rally on Wall Street. [.N]

Investors await U.S. inflation print, which could play a key role in gauging the Federal Reserve’s interest rate outlook. Consumer price data from France, Spain and Italy are also due this week.

The first round of French parliamentary elections will also be on investors’ radar.