European equities recovered on Thursday, with the Euro STOXX 50 up 1.2% and the STOXX Europe 600 up 0.8% as worries over tighter monetary conditions faded. Chip stocks and banks led the advance.
European stocks closed firmly higher on Thursday, reversing the previous session's losses as concerns over tighter monetary conditions eased.
The Euro STOXX 50 added 1.2% to close at 6,282, while the STOXX Europe 600 advanced 0.8% to 640.
Technology names drove much of the gain. AI-linked stocks recovered ahead of SK Hynix's US trading debut, with reports that the ADR is seven times oversubscribed — a figure that pushes back on recent claims that data center firms are overinvesting.
The chip rally lifted Europe's largest semiconductor names directly. ASML and Infineon jumped over 4% each, and Siemens Energy and Siemens both advanced over 3%.
Lenders climbed as well, tracking a rebound in Eurozone bonds amid a pullback in energy prices. Tanker flows through the Strait of Hormuz persisted despite strikes between the US and Iran.
That backdrop helped Santander, Intesa Sanpaolo, and ING add around 2% each. UniCredit gained 2.6% amid the increasing likelihood that it will acquire Commerzbank.
Source: TradingView (snippet-based)
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