European Indexes Gain at the Open as AI-Related Stocks Rally
Dow Jones
Sep 29
0720 GMT - European stock indexes edge higher in early trade. Mining and AI-related stocks gain, though energy-intensive sectors weaken as oil prices surge higher. The Stoxx 600 rises 0.2%. In Paris, the CAC 40 adds 0.2%, led by a 6.2% gain for Legrand after the company raised targets. Chip maker STMicroelectronics jumps 2.95%. Peer Infineon gains 2.5% to lead the German DAX, which inches up 0.1%. Meanwhile, software group SAP extends losses--down 0.9%--while Rheinmetall drops 0.9%. London's FTSE 100 gains 0.2%, lifted by metals miners, though utilities weigh on the index, with National Grid falling 1.5%. Spain's IBEX 35 adds 0.4%, while the Italian FTSE MIB gains 0.5%. The semiconductor-heavy AEX adds 0.4% in the Netherlands, with ASML climbing 2.3%.
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