European Shares Climb as Technology Stocks Lead Gains

European shares rose on Wednesday, recovering from previous declines as investors anticipated the U.S. Federal Reserve's monetary policy decision. The STOXX 600 index climbed by 0.1%, with technology stocks like SAP and Prosus leading the gains. Novo Nordisk gained after a positive rating update.

European shares experienced a modest uptick on Wednesday, recouping losses from earlier in the week, as the financial world turned its gaze to the U.S. Federal Reserve's imminent announcement on monetary policy.

The pan-European STOXX 600 index rose by 0.1% to 551.56 points, buoyed by strength in the technology sector, notably with SAP and Prosus each rising around 2%. Market participants eagerly awaited the conclusion of the Fed's two-day policy meeting, widely anticipating a 25 basis-point interest rate cut amid signs of a weakening U.S. labour market.

Additionally, PostNL saw a significant 7.5% increase after revealing a strategic reorganization of its Parcels segment starting January 2026. Novo Nordisk also climbed 1.8%, following an upgraded rating to "Buy" by brokerage Berenberg.

(With inputs from agencies.)