Rolling live coverage of business, economics and financial markets as hopes for end of the rate hike cycle also boosts shares

Also of note: European semiconductor companies are among the big winners this morning, borrowing momentum from Nvidia.

ASM International, ASML, Aixtron and BE Semiconductor have each gained between 2.6% and 4.3% in early trading.

EUROPE’S STOXX 600 UP 0.7%

BRITAIN’S FTSE 100 UP 0.7%

FRANCE’S CAC 40 UP 1.0%, SPAIN’S IBEX UP 0.8%

EURO STOXX INDEX UP 0.9%; EURO ZONE BLUE CHIPS UP 1.0%

GERMANY’S DAX UP 1%

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