October 14 (Businesshala) – European stocks extended gains on Thursday, boosted by technology and mining stocks, on hopes of a stronger earnings season, even as investors fret over high inflation underpinning an economic recovery. Of.
The pan-European STOXX 600 index (.STOXX) rose 0.7% to 0710 GMT, with miners (.SXPP) up 2.1% and tech stocks (.SX8P) up 1.4%.
European semiconductor companies including ASML (ASML.AS), AMS and BE Semiconductor (BESI.AS) were the top gainers after a 13.8% jump in third-quarter profits followed by Taiwanese chip giant TSMC (2330.TW). Was one of demand for semiconductors
A debate over the temporary nature of inflation continued as China’s factory gate inflation hit a record high in September on rising commodity prices. Investors await US manufacturer price data later in the day. The readings also expect a jump in prices.
French advertising group Publicis (PUBP.PA) grew 2.9% after raising its outlook for 2021 as a global shift towards digital media and E-Start posted its third quarter organic growth above market expectations. helped to do. British rival WPP (WPP.L) rose 0.6%.
Dutch navigation and digital mapping company TomTom (TOM2.AS) warned that supply chain problems in the auto sector could last until the first half of next year.