European shares rose for a third consecutive session on Tuesday, led by technology companies as renewed enthusiasm for artificial intelligence outweighed concerns about high oil prices and bond yields.
The pan-European STOXX 600 was up 0.7% at 642.94 points as of 11:05 GMT. Technology shares gained 2.5%, reaching their highest level in a month. Semiconductor companies AT&S and Soitec each rose more than 6%. These were intraday figures, and the index could move before the close.
Analysts cited by Reuters linked the technology rally to renewed investor optimism about AI and its potential effect on the wider economy. The gains helped lift the broader market despite continuing pressure from energy costs. Brent crude futures were around $105.47 a barrel, adding to inflation concerns for European economies that depend on fuel imports.
Individual stocks moved sharply. Swiss chocolatier Lindt fell 8.3% after cutting its 2026 sales forecast, while Julius Baer gained 8.9% after Switzerland’s financial regulator closed an investigation. French electrical infrastructure group Legrand rose 7.6% after raising its medium-term targets.
The session showed investors’ appetite for technology shares holding up even as expensive oil and elevated borrowing costs continue to test the wider European market.
