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Chipmakers drive European shares higher

Published 12/11/2019, 09:42
Updated 12/11/2019, 09:45
© Reuters.  Chipmakers drive European shares higher
DHLn
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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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