Philips up after announcing deal with US government
Defence stocks rebound after Tuesday39;s sharp selloff
U.S. CPI on tap at 1230 GMT
STOXX 600 up 0.7

April 10 Reuters European shares rose on Wednesday, led by gains in technologyrelated stocks ahead of a crucial inflation report out of the United States, while Barry Callebaut was on track for its best day in over fiveandahalf years following results.

The pancontinent STOXX 600 added 0.7 by 0833 GMT, led by a 1.5 gain in the technology sector following upbeat quarterly revenue from Taiwan chipmaker TSMC.

Techrelated stocks were among the top performers in the previous quarter, benefiting from the global enthusiasm for the prospects of artificial intelligence.

Topping the STOXX, Barry Callebaut jumped 6.8 after the chocolate maker reported upbeat halfyearly revenue helped by increasing cocoa prices. The broader good and beverages index gained 0.5.

Since the start of April, the benchmark index has traded in a tight range, not far away from record highs hit last month, as caution dominated the mood ahead of U.S. March consumer prices.

The data, due at 1230 GMT, could offer clues on when the most influential central bank might begin to reduce interest rates. Market bets for a June rate cut currently stand at 53 after recent data pointed to a still resilient economy.

The U.S. CPI print will be heavily in focus after the last two prints came in strongly… If there is a third strong reading, it would be increasingly…