Live Markets: Tech, miners lead Europe higher

STMicroelectronics NV

02/06/2026 09:04

Adds new blog entry
STOXX 600 up 0.8%
Tech, miners lead gainers
Oil & gas stocks lag
US futures lower
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TECH, MINERS LEAD EUROPE HIGHER
European shares are rising on Tuesday, led higher by technology and mining shares as optimism over AI offsets concerns about progress in U.S.–Iran peace talks to end their three-month war. 
The STOXX 600 .STOXX is up almost 0.9%. Breadth is positive, with 80% of companies trading higher. 
The technology sector .SX8P is leading the way, helped by optimism over AI. STMicroelectronics  STMPA.PA is the latest European firm to cash-in on the boom, raising its revenue target for its data centre business. Shares are up over 8%. 
Oil and gas stocks .SXEP are lagging as crude prices are down slightly on Tuesday. Lebanon announced a partial ceasefire between Israel and Hezbollah, a conflict that has inflamed the broader U.S.-Israeli war with Iran. 
Elsewhere, Germany's DAX .GDAXI and France's CAC .FCHI are both up over 1%. Britain's FTSE .FTSE 100 is up 0.5%.  
Italy's FTSE MIB .FTMIB is up 1.3%, breaching its record high from last week. 
Here's your opening snapshot: 
(Samuel Indyk)
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EARLIER ON LIVE MARKETS: 
EUROPE BEFORE THE BELL: FUTURES POINT TO STRONG START CLICK HERE
NVIDIA CHIEF TO ASIA: 'WE'RE STILL SUPPLY CONSTRAINED' CLICK HERE
     

US crude oil price in USD per barrel https://www.reuters.com/graphics/AUTOMATED-20260601/CLCV1-COMMODITY-365D/znvnmwlwqpl/chart.png
Tech, miners lead European stocks higher https://www.reuters.com/graphics/GLOBAL-STOCKS/zjpqmramkpx/chart.png