On Tuesday, shares of chipmakers in European bourses rose in anticipation for a potential U.S.-China trade deal. Investors will be looking for clues in a key speech from U.S. President Donald Trump.
The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising by 0.3%.
Investors are keenly awaiting a speech by Trump to the Economic Club of New York later in the day, as they look for any sign of a Phase one trade deal in the ongoing trade war.
Chipmakers took the spotlight, with Infineon Technologies gaining 5.5% despite forecasting slower growth in the year ahead while Dialog Semiconductor’s shares rose by 5.2%.
Shares of Deutsche Post DHL rose by 3.3% after reporting an almost tripling of third-quarter operating profit; it stated it expects a strong fourth quarter.