European shares edge higher as tech stocks offset oil pressure

By Reuters News

Sept 29 (Reuters) - European shares rose on Tuesday, supported by technology stocks, although higher crude prices and elevated bond yields kept gains in check.

The pan-European STOXX 600 .STOXX was up 0.3% at 640.28 points by 0719 GMT.

Technology shares .SX8P were among the top gainers, with semiconductor stocks advancing after Reuters reported Anthropic is making a major bet that AI will transform the global economy and that public investors will help finance that expansion. The public offering is expected to value the company at more than $2 trillion.

Broader market gains were capped by rising oil prices, as the lack of a breakthrough in the Middle East conflict kept Brent crude futures at $106.99 a barrel. O/R

Investors now await US job openings data and the final reading of euro zone consumer confidence, due later in the day.

Among individual stocks, Legrand LEGD.PA advanced 5.8% after the French electrical and digital building infrastructure group raised its medium-term targets.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.