European stocks rebounded before the release of inflation data

European shares rose on Wednesday, boosted by the strong performance of technology shares after a three-day sell-off, with inflation data in the region due for release during the session.

The pan-European Stoxx 600 index rose 0.4% by 0716 GMT after three consecutive days of losses, but the index is heading for a monthly loss of close to 4%.

Interest rate-sensitive technology shares rose 2.1 percent after recording three consecutive days of declines on expectations of a significant increase in interest rates globally.

Italian luxury fashion group Brunello Cucinelli fell 3.9 percent after publishing its semi-annual results.

Dormakapa Holdings fell 2 percent after the Swiss security firm forecast growth slightly above target, but said its forecast applied only to the first half of the 2022-2023 financial year.

Gains were limited by Russia’s start to halt gas flows through a major pipeline to Germany, the continent’s largest economy, on Wednesday.

The focus is now on the euro zone inflation readings for August, due out at 0900 GMT.