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European markets open higher as global chip stocks stabilize

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World Markets,FTSE MIB,CAC 40 Index

European stocks opened higher Wednesday, reversing negative sentiment seen in the previous trading session.

LONDON —

Technology and industrials stocks led gains and were last up 0.76% and 0.73%, respectively, while autos fell 0.6%. Wall Street is likely to shift its attention toward fresh U.S. inflation data on Friday with the release of May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge.

 

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