Key facts
- European shares opened higher on Tuesday.
- 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.
- STMicroelectronics rose 9.8% to 65.1 euros after lifting revenue targets for its data centre business.
- Infineon added 5.2% and Schneider Electric added 2.4%.
European markets opened higher on Tuesday, driven by strong performance in the technology sector. STMicroelectronics' optimistic forecasts for its data center business, fueled by the AI boom, significantly boosted its stock and related companies. This positive sentiment in tech, coupled with a partial ceasefire announcement between Hezbollah and Israel, contributed to the overall market rise.