November 12, 2019 / 8:42 AM / a month ago

Chipmakers drive European shares higher

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Nov 12 (Reuters) - European shares rose on Tuesday boosted by gains in chipmakers, while investors awaited a key speech by U.S. President Donald Trump for clues on a trade deal with China.

The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising 0.3% rise.

Investors are keenly awaiting a speech by Trump to the Economic Club of New York later in the day to look for any new word on the Sino-U.S. Phase one trade deal.

Chipmakers took the spotlight, with Dialog Semiconductor jumping 5.2% after it lifted its gross and operating margin forecasts. Infineon Technologies gained 5.5% despite forecasting slower growth in the year ahead.

German post and logistics group Deutsche Post DHL rose 3.3% after reporting an almost tripling of third-quarter operating profit and said it expected a strong fourth quarter.

Reporting by Sruthi Shankar in Bengaluru; Editing by Rashmi Aich

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