European bourses tracked moderately higher midday Tuesday as traders embraced the AI narrative and weighed easing crude oil prices.
Tech and bank stocks led gains on continental trading floors, while oil shares lagged.
STMicroelectronics rose 10.6% midday after the Swiss-based chipmaker issued higher guidance for revenue, citing AI-fueled data-center demand.
Investors also eyed muted Wall Street futures, but higher lower closes overnight on Asian exchanges, including fresh record zeniths in Seoul and Taiwan.
In economic news, the euro area consumer price index (CPI) in May is expected to rise 3.2% on year, rising from 3% on-year gain in April, reported Eurostat. Higher energy bills were cited.
The pan-continental Stoxx Europe 600 Index was up 0.7% mid-session.
The Stoxx Europe 600 Technology Index was up 2.7%, and the Stoxx 600 Banks Index gained 0.9%.
The Stoxx Europe 600 Oil and Gas Index eased 0.8%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.
The REITE, a European REIT index, rose 1.1%.
On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London gained 0.4%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 lifted 0.6%.
Yields on benchmark 10-year German bonds were lower, near 2.95%.
Front-month North Sea Brent crude-oil futures were down 1.3% at $93.76 a barrel.
The Euro Stoxx 50 volatility index was down 3.2% at 19.49, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.