Dec 13 Reuters European shares edged up on Tuesday as investors hope inflation data from the United States later in the day could allow the Federal Reserve to dial down its aggressive approach to interest rate hikes.

The regionwide STOXX 600 index was up 0.1 at 0812 a.m. GMT.

Tech stocks led index gains, rising 1.2, buoyed by semiconductor firms such as ASML Holding and BE Semiconductor.

Financials and energy stocks also boosted the index, while healthcare stocks fell 0.4.

Novo Nordisk fell 1 after a report said the drugmaker was delaying the rollout of its obesity treatment in Europe.

The U.S. Supreme Court on Monday cleared the way for California to enforce a voterapproved ban on flavoured tobacco products, rejecting a request by a unit of British American Tobacco and other plaintiffs to put it on hold. Shares of BAT were down 1.

STOXX 600 fell in the previous session on jitters over rising COVID19 cases in China and upcoming interest rate decisions from the Fed and other top central banks due later in the week.

Reporting by Amruta Khandekar Editing by Vinay Dwivedi

Source Reuters