Aug 31 (Reuters) – European shares edged higher on Wednesday, supported by strong performances in tech stocks following a three-day selloff, with focus on regional inflation figures due later in the session.
The continent-wide STOXX 600 was up 0.4%, snapping three consecutive days of losses. But the index was set for a monthly loss of nearly 4%.
Rate-sensitive tech stocks, down for three straight days on expectations of aggressive interest rate hikes globally, climbed 2.1%.
Among stocks, Italian luxury group Brunello Cucinelli fell 3.9% after posting its half-year results.
Dormakaba Holding slipped 2% after the Swiss security group forecast organic growth slightly above its target range, but added that the outlook applied only to the first half of the 2022/23 financial year.
Gains were also capped as Russia began halting gas flow via a major pipeline to the continent’s largest economy on Wednesday.
Focus in now on euro zone inflation reading for August due at 0900 GMT.
(Reporting by Anisha Sircar in Bengaluru; Editing by Sherry Jacob-Phillips)
This article originally appeared on reuters.com