European markets close higher as euro zone inflation rises

European markets closed higher on Wednesday, maintaining positive momentum after euro zone inflation unexpectedly rose.

The Stoxx 600 index closed up 0.79%, with technology stocks jumping 2.62%. Germany’s DAX index closed up 0.48%, France’s CAC gained 0.76% and Britain’s FTSE gained 1.13%.

Dutch chipmaker ASML led the charge, rising as much as 10% before paring gains somewhat after a Reuters report suggested the company could be exempted from expanded export restrictions on chipmaking equipment to China.