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European shares open higher on utilities boost, but ASMI caps gains
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European shares open higher on utilities boost, but ASMI caps gains
Sep 23, 2025 12:47 AM

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

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

Sept 23 (Reuters) - European shares edged higher on

Tuesday, with wind energy stocks taking an early lead after

Orsted jumped on a favourable U.S. court ruling over its stalled

project, though a slide in Dutch firm ASMI kept gains in check.

The pan-European STOXX 600 was up 0.3% at 555.1

points, as of 0712 GMT. Regional bourses Spain and the

UK gained about 0.3% each.

Shares of Orsted jumped 9.4% after a U.S.

federal judge ruled that the Danish offshore wind developer can

restart work on the nearly finished project off the coast of

Rhode Island.

Rival Vestas gained nearly 3%, while the broader

utilities sector climbed 1%.

Keeping a lid on gains, ASM International fell

5.6% after the chip equipment maker cut its revenue target for

the second half of 2025.

Dutch firm ASML dropped 1.3%, among the biggest

drags on the STOXX 600.

Investor focus would be on commentary from Federal Reserve

officials later in the day, including from Chair Jerome Powell

to assess the U.S. central bank's rate trajectory after it cut

interest rates last week.

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