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European stocks log gains, supported by tech sector and Fed outlook

Home builders occupy top spots among the index’s gainers

European stocks log gains, supported by tech sector and Fed outlook

European stocks gained ground Wednesday, with tech shares still clawing back losses logged earlier in the week, as investors waited for confirmation from the Federal Reserve that the US economy is strong enough for another interest-rate rise, MarketWatch reports.

The Stoxx Europe 600 gained 0.5% to 390.82, with all sectors moving higher, led by the tech, industrial and utility groups. The pan-European index on Tuesday rose 0.6%, led by technology shares following Monday’s sharp selloff that had begun Friday on Wall Street.

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