STOXX 600 up 0.1
Porsche falls after cutting sales forecast
SAP hits all timehigh after adjusted profit beats estimates

July 23 Reuters European shares edged higher on Tuesday as a rally in technologyrelated shares following robust earnings from SAP and Logitech offset losses in miners.

The panEuropean STOXX 600 index was up 0.1, as of 0842 GMT, after posting its best day in more than a month on Monday.

Earnings updates from technologyrelated companies helped lift the index, with SAP jumping 6.4 on Tuesday after Europe39;s largest software maker reported a 25 jump in its cloud business and beat estimates for secondquarter revenue.

The German benchmark index DAX gained 0.6, outperforming the region39;s bourses on the back of SAP39;s gains.

Logitech39;s shares advanced 2.7 after the computer mouse maker raised its fullyear sales and profit forecast.

The technology subindex, which houses both the stocks, gained 1.2.

European shares have been paring past week39;s losses as markets assess political developments in the United States and shift their focus to the earnings season.

Joe Biden pulling out of the U.S. presidential race gives a bit more confidence to investors, said Christopher Peters, trading floor manager at Accendo Markets.

Corporate earnings is going to have more of an impact on markets for the next few weeks.

Norsk Hydro39;s shares were down 3.2 after the aluminium producer posted an 18 fall in secondquarter core profit, dragging metal miners down…