European Markets Rebound, Led by Energy and Technology

Europe's STOXX 600 index rose by 0.3% on Thursday, driven by gains in energy and technology stocks. Deutsche Telekom's improved profit forecast boosted telecoms, while ASML's sales growth projection lifted tech stocks. Despite these gains, the index was still near a three-month low, affected by macroeconomic concerns.

On Thursday, Europe's STOXX 600 index experienced a positive shift, climbing by 0.3% as energy and technology stocks led the market rally. The turnaround came amid encouraging earnings across various sectors, providing a much-needed boost to the market.

Telecoms emerged as one of the top five gainers in the sub-sectors, witnessing a 0.9% increase. Deutsche Telekom advanced significantly, with a 2.8% rise following an upward adjustment of its annual core profit forecast. Meanwhile, ASML, Europe's largest tech firm, reported optimistic sales growth expectations, pushing tech stocks up by 1.4%.

Despite the gains, the STOXX 600 remained close to a three-month low, impacted by broader economic concerns. Investors are keenly watching upcoming comments from ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell, seeking clarity on potential impacts of tariffs from the U.S. administration.

(With inputs from agencies.)