The STOXX 50 rose by 0.8% and the STOXX 600 gained 0.5% on Thursday, rebounding after two consecutive sessions of losses.
European stocks rise, driven by tech rally
The recovery was driven by a surge in tech stocks, spurred by reports suggesting that US restrictions on semiconductor equipment and AI memory chip sales to China would be less stringent than previously expected. Shares of ASML Holding jumped 3.6%, NXP surged 20%, Infineon increased by 1.3%, and STMicroelectronics rose by 0.6%.
Eyes on Germany inflation
Meanwhile, traders are awaiting Germany's key inflation data, due later in the day. Preliminary inflation figures for Spain matched expectations, with both the national and harmonised annual rates rising to 2.4%, driven by low base effects from the previous year.
