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Chipmakers drive European shares higher

Published 11/12/2019, 04:42 PM
Updated 11/12/2019, 04:48 PM
Chipmakers drive European shares higher
DHLn
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IFXGn
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DLGS
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STOXX
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SXPP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 12 (Reuters) - European shares rose on Tuesday boosted
by gains in chipmakers, while investors awaited a key speech by
U.S. President Donald Trump for clues on a trade deal with
China.
The pan-European STOXX 600 index .STOXX edged slightly
higher by 0840 GMT, with technology stocks .SXPP rising 0.3%
rise.
Investors are keenly awaiting a speech by Trump to the
Economic Club of New York later in the day to look for any new
word on the Sino-U.S. Phase one trade deal. Chipmakers took the spotlight, with Dialog Semiconductor
DLGS.DE jumping 5.2% after it lifted its gross and operating
margin forecasts. Infineon Technologies IFXGn.DE gained 5.5%
despite forecasting slower growth in the year ahead.
German post and logistics group Deutsche Post DHL DPWGn.DE
rose 3.3% after reporting an almost tripling of third-quarter
operating profit and said it expected a strong fourth quarter.


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