European stocks climb on semiconductor demand
European stocks rose, supported by the results of ASML, the largest supplier of chip manufacturing equipment, which showed strong demand driven by artificial intelligence. This led to an upgrade in its sales outlook and an expansion of its production capacity. The STOXX 600 index increased by 0.48%, with the technology sector leading the gains, rising by 1.2%. However, its limited weight in the European market restrained the overall index's gains. This comes amid investor anticipation of U.S. inflation data and expectations regarding monetary policy, while oil prices continue to fluctuate between gains and losses, affecting inflation risk.
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