FTSE 100 up 0.46%; DAX up 0.69%; CAC 40 up 0.13% (Il Sole 24 Ore Radiocor) - Milan, 23 Apr - European shares opened higher, extending yesterday's gains mid strong global markets. The Stoxx 600 index was up 0.44%.

The London FTSE 100 hit new all-time highs as it rose for a fifth straight session, with hopes of a forthcoming interest rate cut from the Bank of England helping lift sentiment.

Investors continued to monitor fresh earnings reports from European companies including Renault, Kering, OVH, Novartis and Associated British Foods, as well as preliminary manufacturing and services purchasing managers' index data for the euro zone in April.

Traders also awaited US economic data in the week ahead that could provide fresh hints about the state of the world's biggest economy and outlook for interest rates ahead of the next Federal Reserve's policy meeting on April 30-May 1.

The personal consumption expenditures price index for March - the Fed's favored inflation gauge - is due Friday. Durable goods orders and GDP a reading for the first quarter of 2024 are also due this week.

In European stock market dealings most sectors were higher, with technology shares leading the gains on expectations of strong earnings results from US tech companies, while miners bucked the trend and slipped for a second day.

At 0740 GMT the FTSE 100 was up 0.46% at 8,060 points, while the Frankfurt DAX was up 0.69% at 17,974 points. The Paris CAC 40 was up 0.16% at 8,053 points, while in Milan the FTSE MIB was up 0.60% at 33,927 points and in Madrid the IBEX 35 was up 0.90% at 10,987 points.

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(RADIOCOR) 23-04-24 09:59:45 (0255) 5 NNNN