Europe: Stocks bounce back as ASML outlook lifts tech sector
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[BENGALURU] European stocks rebounded on Wednesday after their worst selloff this year as optimism about a strong earnings season countered worries about a rapid rise in Covid-19 cases in some countries.
Tech stocks were the top gainers, up almost 2 per cent, with semiconductor equipment maker ASML jumping 5.4 per cent after it raised its full-year sales forecast, citing strong demand amid a global computer chip shortage.
Smaller rival ASM International rose 4.2 per cent on forecasting a rise in second-quarter orders.
The world's second-largest brewer Heineken gained 4.2 per cent after it reported a better than expected quarterly sales.
Italian football club Juventus slumped 10 per cent after the breakaway European Super League was rocked by the departure of its six English clubs.
The pan-European Stoxx 600 index rose 0.6 per cent in early trading after a blistering seven-week rally ran into profit-taking on Tuesday.
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The German DAX rose 0.2 per cent, while France's CAC 40 was up 0.5 per cent and UK's FTSE added 0.4 per cent.
REUTERS
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