Tech Stocks Fuel European Shares Gain Despite Oil, Bond Yield Pressures

European shares rose on Tuesday, led by technology stocks, despite higher crude prices and elevated bond yields weighing on broader gains.

The pan-European STOXX 600 was up 0.3% at 640.28 points by 0830 GMT, with most other regional indexes also trading modestly higher.

Technology shares led the sectoral gains, reaching their highest level in a month after semiconductor stocks advanced following Reuters' report on Anthropic's major bet on AI transforming the global economy through its planned stock market listing. The public offering is expected to value the company at more than $2 trillion.