In the wake of a three-day selloff, European equities inched higher on Wednesday, bolstered by the performance of tech firms, as investors awaited regional inflation data later in the afternoon.
As of 07:16 GMT, the STOXX 600 index for the whole continent was up 0.4%, reversing three straight days of losses. However, the index was projected to lose roughly 4% every month.
Rate-sensitive technology shares, which had gone down for three days in a row because investors expected aggressive global interest rate hikes, went up by 2.1%.
Related: European stocks decline a little; French consumer spending plummets.
Following the release of its half-year results, Italian luxury brand Brunello Cucinelli slumped 3.9% in the stock market.
The Dormakaba Holding share price declined 2% after the Swiss security business anticipated organic growth slightly above its target range but stressed that the prognosis only pertained to the first half of the fiscal year 2022/23.
On Wednesday, Russia stopped sending gas through a main pipeline to the largest economy on the continent. This cut into gains.
Focus now is on the August inflation data for the eurozone, scheduled at 0900 GMT.
