European stocks higher, boosted by tech rebound; Volkswagen invests in Rivian

Investing.com - European stock markets rose Wednesday, buoyed by a rally in tech stocks on Wall Street overnight, although gains have been limited by weakening regional confidence and political uncertainty.

The Big Tech sector has been behind a lot of the gains on Wall Street over the last year or so, with Nvidia briefly becoming the most valuable company in the world.However, gains are limited with quarter-end caution capping significant moves. This was something of a surprise given expectations for a draw of 3 million barrels, but is largely being overlooked as traders anticipate inventory drawdowns in peak third quarter demand season.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen investing $5M in Illinois-based electric car company Rivian to design vehicle softwareRivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Volkswagen's $5 billion investment in Rivian boosts EV maker's sharesVolkswagen's $5 billion investment in Rivian boosts EV maker's shares
Source: Investingcom - 🏆 450. / 53 Read more »