European stocks climb on tech strength

European stocks rose this morning, supported by strong gains in technology shares, particularly semiconductor companies, despite pressures from rising oil prices and bond yields. The Stoxx 600 index increased by 0.3% to reach 640.28 points, as investors await U.S. job opportunity data and consumer confidence figures in the Eurozone. Additionally, technology stocks were boosted by expectations that artificial intelligence will transform the global economy, especially after Anthropic announced a potential valuation exceeding two trillion dollars. Meanwhile, concerns over conflict in the Middle East kept oil prices high, with Brent crude reaching $106.99 per barrel.

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