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European shares rise as Dialog Semi lifts technology stocks

Published 08/02/2021, 09:18
Updated 08/02/2021, 09:24
© Reuters.
DE40
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DLGS
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STOXX
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6723
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SX8P
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 8 (Reuters) - European shares rose on Monday, after
their best weekly gain in nearly three months, as Dialog
Semiconductor boosted technology stocks, while hopes remained of
a quicker economic recovery against the backdrop of vaccine
roll-outs globally.
Renesas Electronics Corp 6723.T and Dialog Semiconductor
DLGS.DE said they had agreed for the Japanese chipmaker to buy
the Frankfurt-listed chip designer for 4.9 billion euros ($5.90
billion) in cash. The pan-European STOXX 600 .STOXX index rose 0.4%, adding
to previous week's gains of 3.5%, with technology shares .SX8P
rising 1.3%.
Frankfurt shares .GDAXI rose 0.6%, outperforming European
peers in early trading.
Most European sector indexes were higher moments after the
open.
Global markets also started the week on a stronger footing,
with investors keeping a close watch on a $1.9 trillion COVID-19
aid package for the United States that is expected to be passed
by lawmakers as soon as this month. MKTS/GLOB

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