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Sept 10 (Reuters) -

European shares climbed on Wednesday, led by retailers after

Spanish fast-fashion giant Inditex reported its second-quarter

results, while Novo Nordisk also rose following the Wegovy

maker's announcement of restructuring steps, including job cuts.

The pan-European STOXX 600 was up 0.4% at 554.9

points, as of 0715 GMT, hovering near a two-week high.

Retailers led sectoral gains with a 2.2% jump, as

Inditex climbed 6% after the Zara owner reported an

acceleration in sales ahead of the autumn quarter, overshadowing

weaker-than-expected second-quarter sales.

Shares of Novo Nordisk rose nearly 2% after the

Danish company said it could cut about 11.5% of its workforce.

The restructuring plan is expected to save around $1.26 billion

annually, as the company struggles to remain competitive in the

weight-loss drug market.

It was also an upbeat day for European tech stocks, with

German software maker SAP and Dutch company ASML

both climbing about 1% each, after Oracle

projected over half a trillion dollars in booked cloud orders.

The U.S. company's Frankfurt-listed shares surged 30%.

($1 = 6.3725 Danish crowns)