European shares edge higher as ASML's AI demand outlook boosts tech

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/14/2026

1. WDAY
2. NVDA
3. AAPL
4. JNJ
5. AMAT
6. META
7. NRIX
8. SPY
9. OIG
10. BAC

October 14, 2026 3:18 AM EDT

Chart of German share price DAX (Deutscher Aktienindex) at the stock exchange in Frankfurt, Germany, October 13, 2026. REUTERS/Staff

Oct 14 (Reuters) - 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 technology sector ⁠added 0.8%, leading sector wise gains.

Denting risk appetite on the other hand, oil prices climbed ⁠after two vessels were struck in the Strait ​of Hormuz. [O/R]

Among other movers, Orsted dropped 4.2% after Bloomberg News reported the US would re-evaluate the permit ‌for its Rhode Island wind farm.

Investor focus will also turn to ‌US consumer price index (CPI) data later on ⁠Wednesday for clues ‌on the Federal ​Reserve's monetary policy outlook.

(Reporting by Avinash P in Bengaluru; Editing by Ronojoy ‌Mazumdar)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters