(Reuters). European stocks saw a boost from technology and mining stocks on Thursday as they anticipate a strong earnings season, despite concerns about rising inflation that could hamper an economic recovery.

At 0710 GMT the pan-European Index rose 0.7%, with miners rising 2.1% and tech stocks increasing 1.4%.

European semiconductor companies, including ASML and AMS, were among those that gained the most after Taiwan chip giant TSMC saw a 13.8% rise in profit for the third quarter. This was due to the booming demand.

As China’s factory gate inflation rose to an all-time high in September, there was much debate about the temporary nature of inflation. This is due to rising commodity prices. Investors will be waiting for U.S. producer price data in the later part of today. Also, prices are expected to rise.

Publicis in France gained 2.9% as it increased its outlook for 2021. The global shift to digital media and ecommence has helped Publicis’ third-quarter organic growth surpass market expectations. WPP (LON) rose 0.6%, its British counterpart.

After warning that the supply chain issues in the automotive sector might continue until next year’s first half, TomTom, a Dutch digital mapping and navigation company, fell 7.0%