(Reuters) – European shares rose on Tuesday as investors were hopeful of a faster economic recovery, while technology shares led the advance after French IT consulting group Atos ended talks of a potential takeover of U.S. rival DXC Technology.
Shares in Atos SE gained 5% after the firm said it has decided to discontinue talks about a potential $10 billion acquisition of DXC Technology Co.
The European technology sector rose 1.4%, while the STOXX 600 index gained 0.8%.
An upbeat mood from Asian markets spilt over to Europe in early trading on hopes of more stimulus for the U.S. economy. [MKTS/GLOB]
Investor focus also remained on earnings reports from across Europe, with Fresenius Medical Care tumbling 12% after the world’s No.1 kidney dialysis firm warned its adjusted net profit would likely drop this year.
BP plunged 4% after its profit in the last quarter of 2020 sunk to $115 million due to weak energy demand and poor trading results.
Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta