European Markets Waver as Tech Gains Offset Geopolitical Risk

Infineon Technologies provided a rare spark of momentum, jumping 3.8% after the company unveiled a new share buyback program. This surge helped lift the broader technology index by 1%, providing a cushion against broader market fatigue. Conversely, the media sector struggled throughout the session, with notable pullbacks from major players like WPP and Publicis Group.

Market participants are now fixated on Wednesday’s U.S. Consumer Price Index report. This data release serves as a litmus test for interest rate policy, with traders looking for signals on whether central banks will maintain their current stance or pivot in response to shifting economic dynamics. While energy stocks managed a modest 0.5% gain, the ongoing instability surrounding the Strait of Hormuz ensures that energy remains a primary variable in investor sentiment.