Key facts
- European stocks opened higher on Tuesday.
- STMicroelectronics lifted revenue targets for its data centre business.
- Technology stocks led sectoral gains with a 2.6% rise.
- Euro zone consumer inflation is expected to show prices rose 3.2% in May.
- Traders expect the European Central Bank to hike interest rates by 25 basis points next week.
European equity markets showed signs of recovery, with investors closely monitoring upcoming inflation data for economic insights. The broader market sentiment was influenced by anticipation of this crucial economic indicator, while specific company news, such as the strong forecasts from STMicroelectronics, added to market dynamics. The chipmaker's positive outlook, driven by AI demand, significantly boosted technology stocks. The FTSE 100 index also saw an increase as global markets assessed the implications of ongoing Iran talks alongside the potential risks of war. Investors are monitoring geopolitical developments that could impact market stability.