Shares of Semiconductor Stocks Are Trading Higher Amid Overall Market Strength as Investors Assess Mixed Inflation Data This Week.

Shares of Semiconductor Stocks Are Trading Higher Amid Overall Market Strength as Investors Assess Mixed Inflation Data This Week.

BenzingaJul 12 14:48 ET

Express News | Shares of Semiconductor Stocks Are Trading Higher Amid Overall Market Strength as Investors Assess Mixed Inflation Data This Week

BenzingaJul 12 14:48 ET

European stock markets rose as US inflation slowed, boosting market sentiment.

European stock markets rose on Friday, achieving their best weekly performance in two months due to slowing US inflation and rising expectations of a September rate cut by the Federal Reserve, which boosted investor sentiment. The Stoxx Europe 600 index rose 0.9% to a high not seen since early June, mirroring gains in the US and boosting risk assets on expectations of a possible rate cut there. Almost all sectors rose, led by consumer stocks, technology firms and retailers. Novo Nordisk, ASML Holding, Siemens and LVMH had the biggest positive impact on the index. Luxury goods companies, which had seen their expected profit declines outpace the broader European market, rebounded on Friday. Uncertainty around the French and British elections.

環球市場播報Jul 12 12:16 ET

ASML Stock (NASDAQ:ASML): Slow Q1 Is No Issue, Rally Inspires Confidence

TipRanksJul 11 18:12 ET

ASML Holding Is Maintained at Positive by Susquehanna

ASML Holding Is Maintained at Positive by

Dow JonesJul 11 10:33 ET

Susquehanna Adjusts Price Target on ASML to $1,300 From $1,200, Maintains Positive Rating

ASML (ASML) has an average outperform rating and price target range of $766.48 to $1,400.67, according to analysts polled by Capital IQ.Price: 1081.61, Change: -17.34, Percent Change: -1.58

MT NewswiresJul 11 10:30 ET