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Tech, insurance stocks lift STOXX 600 to over one-month high
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Tech, insurance stocks lift STOXX 600 to over one-month high
Aug 29, 2024 9:11 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

Aug 28 (Reuters) - European shares hit a

more-than-one-month high on Wednesday, boosted by technology

stocks ahead of Nvidia's ( NVDA ) results later in the day and as Ageas's

better-than-expected results lifted insurance stocks.

The pan-European STOXX 600 index gained 0.2% by

0715 GMT, to 519.86 points, its highest since July 15.

Tech stocks rose 0.4% and were the biggest boost to

the index, ahead of Nvidia's ( NVDA ) second-quarter results due

after U.S. trading hours.

The insurance sector gained 0.6%, the most among

sectors, lifted by Ageas's 6% jump after the

Belgium-based insurer's half-year net operating results beat

expectations.

Basic resources lost 0.6% after metals prices fell

as weak economic data in major economies and concerns about

demand weighed on prices.

Data showed French consumer confidence for August was at 92,

in line with estimates, helping lift the benchmark stock index

up 0.3%. Unemployment data is due at 1000 GMT.

Among individual stock moves, Elekta surged

10.2%, the most on the STOXX 600, after the Swedish radiation

therapy equipment maker reported its first-quarter results.

LEG Immobilien lost 3.3% after the German real

estate firm launched a 500 million euro convertible bond

offering.

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