LONDON – European stocks rose on Thursday after a global rebound in markets after days of negative sentiment.
The pan-European Stoxx 600 gained 0.5% in early business, with technology stocks rising 1.5% to lead gains as almost all sectors and major stock exchanges entered positive territory.
European markets are following the positive momentum seen in yesterday’s session, echoing the optimistic trading in Asia-Pacific overnight, although the same cannot be said for its US counterparts. .
The future of US stock indices remained flat in pre-market trading, despite shares losing a two-day loss streak on Tuesday as companies linked to the reopening of the economy advanced the way .
Earnings and data releases continue to dictate U.S. market sentiment this week with more companies, including AT&T, American Airlines and Intel, among which will report on Thursday.
Economic data released Thursday will also provide investors with a snapshot of the ongoing economic recovery. Initial unemployment claims will be posted at 8:30 a.m. ET, according to Dow Jones estimates.
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– CNBC’s Pippa Stevens helped report this story