Jan 22 (Reuters) – European shares opened higher on Monday, catching typically the tailwind from a bounce on Wall membrane Street that owned the benchmark S&P 500 to a report peak in the particular previous session, when investors await typically the European Central Bank’s policy decision as a consequence this week.
The pan-European STOXX 600 index was up 0. seven percent, by 0810 GMT (GREENWICH MEAN TIME), following a 1. five per cent decline last full week.
The S&P 500 index scaled a record superior betflikinc on Friday, the first in couple of years, fuelled by the rally in Circumstance. S. chipmakers in addition to heavyweight technology stocks and options.
Technology stocks and options within the euro zone climbed 1. 2% on Monday.
Adding to the sector’s gains, ASML Loge gained 2. 2% after Bernstein better the Dutch semiconductor equipment maker’s rating to “outperform” by “market-perform”.
Investor interest has sharpened on the ECB’s monetary policy decision, due on Jan. 25, to ascertain the timing of interest rate cuts by the central lender.
Among other movers, shares of Kindred jumped 16. 8% after French game playing company La Francaise des Jeux introduced a takeover offer you for its Euro online peer within a $2. 8 billion deal. Una Francaise’s shares climbed nearly 5%.
(Reporting by Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips)