Alfen slides after slashing 2024 guidance
DHL up on FedEx39;s bright forecast
Tech stocks rise tracking Wall Street rally
STOXX up 0.4

June 26 Reuters European shares advanced on Wednesday, with mining and technology stocks among top gainers, while focus remained on crucial U.S. inflation data and French elections due later in the week.

The panEuropean STOXX 600 gained 0.4 as of 0826 GMT, with the technology subindex rising 1.4, tracking an overnight rally on Wall Street.

Industrials added 0.7, underpinned by Germany39;s DHL with a 2.1 jump after U.S. peer FedEx forecast its fiscal 2025 profit above analysts39; estimates.

Basic resources added 1.2 amid elevated metal prices, while autos bucked the trend with a 0.4 decline.

Europe39;s largest carmaker Volkswagen slipped close to 1 after the company said it will invest up to 5 billion as part of a joint venture with electric vehicle maker Rivian.

Focus remained on a U.S. personal consumption expenditures PCE reading due on Friday, which could play a key role in gauging the Federal Reserve39;s interest rate outlook.

We all know the CPI data for May was surprisingly weak. That gives you a decent sense of what the PCE number is going to be like, said Daniel Morris, chief market strategist at BNP Paribas Asset Management.

Recent comments from Fed members suggest they want to wait and see a more consistent sustained trend in low inflation, Morris said, adding that one month39;s data would not imply much and the Fed…