European shares edged higher on Wednesday, led by miners and energy stocks, as investors tracked developments in the Middle East and awaited earnings from major U.S. technology companies.
Market Update
The pan-European STOXX 600 rose 0.35% to 648.54 points by 0704 GMT. Commodity-linked sectors were the biggest percentage gainers, with miners up 1.5%. Glencore added 4% after its first-half copper production rose 15% on higher grades at key operations.
Energy stocks climbed 1.6% as Brent crude futures rose 3% to over $86 a barrel after joint strikes by the U.S. and Saudi Arabia in Iraq threatened to escalate the ongoing U.S.-Iran conflict.
Technology stocks fell 0.4% after South Korean chipmaker SK Hynix reported bumper quarterly results but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech firms.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
