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European shares edge higher as ASML's AI demand outlook boosts tech
European shares inched up on Wednesday, recovering from modest losses in the previous session, as strong results from ASML lifted the technology sector. The pan-European STOXX 600 index was up 0.32% to 636.99 points by 0713 GMT, after pulling back from a one week-high on Tuesday. The world’s biggest supplier of chipmaking equipment, ASML, rose 1.8% after saying that AI-driven demand for its chip-printing tools is so strong that it will not be able to fully meet customer demand in 2027 or 2028. It said it was looking at ways to expand capacity as it raised its full-year sales outlook. The techn...
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