BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were moving higher on
Wednesday as a rebound in tech stocks on Wall Street overnight outweighed
hawkish comments from Federal Reserve officials.

Investors also shrugged off the results of a closely watched survey that showed
German consumer confidence is set to deteriorate in July as the economy
struggles to gain momentum.

After rising for four straight months, the consumer climate index dropped
unexpectedly to -21.8 in July from -21.0 in June, the survey published jointly
by GfK and the Nuremberg Institute for Market Decisions showed. The score was
forecast to climb to -19.4.

Amid much uncertainty about the interest-rate outlook, investors braced for the
release of key U.S. inflation reading, due later this week for further
direction.

The pan European STOXX 600 rose 0.4 percent to 519.62 after falling 0.2 percent
on Tuesday.

The German DAX climbed 0.7 percent, France's CAC 40 added 0.2 percent and the
U.K.'s FTSE 100 was up half a percent.

Eurozone bond yields continued to advance due to political uncertainty resulting
from changes in the partisan landscape in the region.

In corporate news, Gelion shares surged 31 percent in London after the
Anglo-Australian battery innovator said it has signed a Joint Development
Agreement with Glencore International AG, a diversified resource company.

Miners Anglo American, Antofagasta, BHP and Glencore rose 1-2 percent.

Oil & gas giant BP Plc rose 0.7 percent and Shell edged up 0.3 percent as oil
prices rose despite industry data showing a small build in U.S. crude
inventories.

Meal delivery company Deliveroo rallied 3.6 percent after reports of takeover
interest from U.S. rival DoorDash.

Checkit, an augmented workflow and smart sensor automation company, fell 2.4
percent after it decide not to make an offer to acquire Crimson Tide.

Volkswagen fell 1.5 percent after the German automaker announced $5 billion
investment in Rivian, the American EV maker, in a joint venture.



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