European equities recovered Wednesday, with the pan-European STOXX 600 rising 0.7% and Germany’s DAX and London’s FTSE 100 gaining the same amount. Technology and semiconductor equipment shares led the advance after U.S. President Donald Trump said leading technology executives had agreed to establish voluntary safety standards for artificial intelligence development. Trump also reiterated support for rapidly expanding data centers, easing concerns about regulatory delays and potential cuts to corporate capital spending after recent model-training pauses at OpenAI. Investors are simultaneously preparing for German August retail sales and employment data, French preliminary inflation and September German CPI. In the United States, the August Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, is expected to show underlying price pressures unchanged from the previous month. With benchmark Treasury yields near multi-decade highs, an unchanged PCE reading could support rate-sensitive shares by reinforcing market expectations that the Fed may not need to tighten beyond current pricing. Traders are also watching remarks from European Central Bank official Frank Elderson on the euro zone’s growth outlook. Despite Wednesday’s rebound, the STOXX 600 remains on course for a near 2% monthly decline, its first monthly drop in six months, after September trading was pressured by sovereign yield spikes, energy-cost shocks and friction in artificial intelligence development.