Europe Shares Edge Higher on Boost from Chipmakers ahead of U.S. Jobs Data


July 2 Reuters European shares edged higher on Friday on a boost from semiconductor makers, while investors awaited a closely watched monthly jobs report from the United States later in the day.

The panEuropean STOXX 600 index rose 0.2, with technology stocks rising 0.6.

Semiconductor maker ASML Holding NV rose 0.5 after Micron Technology Inc said it plans to start using ASML EUV machines in production in 2024, while ASM International NV rose nearly 1 as it forecast higher order intake in the second quarter.

Frances SMCP slipped 0.9, along with Zara owner Inditex after a judicial source told Reuters that the companies were subject to an investigation as they are suspected of concealing crimes against humanity in Chinas Xinjiang region.

Investors awaited data which would likely show U.S. job growth picked up in June.

Also on the radar is producer prices data for the euro zone during the month of May, scheduled to be released at 0900 GMT.

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta

Source Reuters

USD Up, JPY Down as US Data shows Strong Labor Market; NFP

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