(Updates after market close)

* Wienerberger shares hit near four-year low after profit

warning

* Mitie ( MITFF ) jumps after $4.2 billion takeover by PE-backed rival

* Boliden falls after warning on higher costs

By Tharuniyaa Lakshmi, Purvi Agarwal and Avinash P

July 21 (Reuters) - European shares rose on Tuesday as gains

in technology and mining shares took the focus away from fresh

strikes in the Middle East, which pushed oil prices higher,

while investors sifted through a fresh round of earnings

reports.

Brent crude jumped more than 2.5% after U.S. forces

bombed targets in the south and west of Iran overnight.

The pan-European STOXX 600 index climbed 0.6% to

643.19 points at close, breaking a two-day losing streak.

Technology stocks rose 2.1%, the most on the index,

with ASMI and ASML, gaining 5.4% and 4.7%,

respectively.

Earnings from major technology companies such as Alphabet

in the U.S. will be on watch this week for clues on

the sustainability of AI-related demand and whether their lofty

valuations can be justified.

"We have seen these ebbs and flows in sentiment... that

highlights the sort of the nervousness that there is surrounding

tech, particularly the AI and chip trade," said Fiona Cincotta,

senior market analyst at City Index.

"But if we do see another solid season, that could actually

be a catalyst for the next leg higher in tech stocks."

Markets will also be on the lookout for earnings from major

banks such as Banco Santander and BNP Paribas

later in the week.

"Improving returns on equity are not yet reflected in

valuations for European banks, which still trade at close to a

30% discount to U.S. peers," said analysts at Lombard Odier

Investment Managers.

Miners climbed 1.7%, tracking higher copper and gold

prices, although Swedish miner Boliden fell 5.7%, after

a weaker-than-expected quarterly adjusted operating profit.

On the flip side, the media sector was the biggest

laggard, down 1.4%.

Wienerberger shares fell 4.1% to their lowest since

2022, after the building materials maker issued a full-year

profit warning, citing deterioration in new-build activity.

Swiss bank Julius Baer dipped 4% despite reporting

stronger-than-expected first-half net new money inflows, while

lift maker Schindler dropped 5.4% after its quarterly

sales missed market expectations.

Novartis shares gained 2% after the drugmaker beat

second-quarter core operating profit estimates.

Mitie ( MITFF ) soared 39% after rival OCS Group International

agreed to buy the British outsourcer for £3.1 billion ($4.17

billion).

Focus will also turn to commentary from European Central

Bank policymakers at their monetary policy meeting on Thursday,

where they are expected to hold interest rates steady.

Still, market participants are pricing in at least one

25-basis-point hike by end-2026, according to LSEG-compiled

data.

In Britain, new Prime Minister Andy Burnham appointed former

defence secretary John Healey as finance minister, just weeks

after he resigned from the previous government with a stinging

rebuke of how the Treasury had fallen short on defence spending.