Technology stocks led the advance of European stocks on Thursday, after two days of declines due to concerns over possible tariffs from the United States and economic and political instability in France, with inflation data taking center stage for clues to the trajectory of interest cuts.
The STOXX 600 index rose 0.55% to 507.76 points on a day when trading volumes are expected to be low with the US market closed for the Thanksgiving holiday.
The technology sector rose 1.8%, on track to post its best day in two weeks, with chip stocks rising after Bloomberg reported that U.S. government restrictions on chip sales to China could be less severe than expected.
Shares of ASM International, BE Semiconductor and ASML gained between 3% and 4.7%.
The French CAC-40 index is also regaining lost momentum after falling to its August low in the previous session.
French Prime Minister Michel Barnier’s government faces an uncertain future as its struggle to secure approval of the 2025 budget in a polarized parliament makes the collapse of its fragile coalition increasingly likely.
“We do not believe that (Marine) Le Pen (leader of the far-right Rassemblement National party) will follow through on his threats to overthrow the government in the short term, but this reminds markets of the precarious situation the country finds itself in,” he said. said Michiel Tukker, senior European rates strategist at ING.
. IN LONDON the Financial Times index advanced by 0.14%, to 8,286 points.
. IN FRANKFURT the DAX index rose by 0.69%, to 19,393 points.
. IN PARIS, the CAC-40 index gained 0.65%, to 7,189 points.
. IN MILAN the Ftse/Mib index rises by 0.44%, to 33,234 points.
. In MADRID, the Ibex-35 index recorded an increase of 0.45%, to 1,632 points.
. In LISBON, the PSI20 index increased by 0.06%, to 6,421 points.
Source: Terra
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