European Shares Gain on Tech Optimism and UK GDP Growth
The STOXX 600 rose 0.4% as artificial intelligence optimism outweighed concerns over U.S.-Iran peace talks. While the UK economy grew by 0.3% in March, Burberry shares fell 4% as regional conflicts impacted luxury spending and tourism.
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The STOXX 600 rose 0.4% to 614.05 points as artificial intelligence optimism boosted regional sentiment. European equities gained despite geopolitical tensions in the Iran region and inflation concerns. Investors balanced tech-driven growth against potential interest rate hikes from the European Central Bank.
