European markets climb as STMicroelectronics lifts tech sector; inflation fuels ECB rate‑hike expectations

European equity markets moved higher in recent trading. STMicroelectronics posted gains that lifted the technology sector. The semiconductor maker reported better‑than‑expected results. Inflation data reinforced expectations of a European Central Bank rate hike. Higher rates are seen as a tool to curb price pressures. The market rally reflects optimism about corporate earnings. Analysts note that tech stocks may benefit from the trend. Investors will watch upcoming ECB decisions for further direction.