European Stocks Higher on Tech Boost

European Stocks Higher on Tech Boost

European stocks advanced on Thursday, with the STOXX 50 gaining 0.6% and the STOXX 600 rising 0.4%, rebounding from two consecutive sessions of losses.

Investor sentiment improved after strong results and upbeat sales guidance from Micron Technology reinforced optimism around AI-related demand, helping reverse the tech-sector weakness seen earlier in the week.

Meanwhile, oil prices continued to fall, returning to levels seen before the Iran conflict and easing concerns about renewed inflationary pressures.

Among the top performers, ASML Holding surged 3.9%, while STMicroelectronics and Infineon Technologies climbed 4.5% and 5.9%, respectively.

Elsewhere, 3i Group jumped more than 9% after sales at its portfolio company Action slowed less than investors had feared.

On the downside, H&M plunged 4.5% after reporting weaker-than-expected quarterly results, with earnings weighed down by one-off restructuring costs.

Meanwhile, SAP fell 1.6%, Prosus lost 1%, and Sanofi declined 1.3%.

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