Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
European stocks bounce back as ASML outlook lifts tech sector
Published at 21/04/2021 at 08:20

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

April 21 (Reuters) - 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%, with semiconductor equipment maker ASML jumping 5.4% after it raised its full-year sales forecast, citing strong demand amid a global computer chip shortage.

Smaller rival ASM International rose 4.2% on forecasting a rise in second-quarter orders.

The world's second-largest brewer Heineken NV gained 4.2% after it reported a better than expected quarterly sales.

Italian football club Juventus slumped 10% 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% in early trading after a blistering seven-week rally ran into profit-taking on Tuesday.

The German DAX rose 0.2%, while France's CAC 40

was up 0.5% and UK's FTSE added 0.4%.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))