European stocks higher, boosted by tech rebound; Volkswagen invests in Rivian
Investing.com - European stock markets rose Wednesday, buoyed by a rally in tech stocks on Wall Street overnight, although gains have been limited by weakening regional confidence and political uncertainty.
The Big Tech sector has been behind a lot of the gains on Wall Street over the last year or so, with Nvidia briefly becoming the most valuable company in the world.However, gains are limited with quarter-end caution capping significant moves. This was something of a surprise given expectations for a draw of 3 million barrels, but is largely being overlooked as traders anticipate inventory drawdowns in peak third quarter demand season.
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Volkswagen Is Investing Up To $5 Billion In RivianAlan Ohnsman is a Forbes senior editor who covers cleantech and advanced transportation. He joined Forbes in 2016 and works in Los Angeles. He co-authors the Current Climate newsletter, writes about promising clean energy developments and has covered Tesla since 2006, when he was with Bloomberg News. He has a graduate degree in journalism and a B.
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