Brussels – Saba:
European stocks rose on Thursday, recovering some of their losses after four consecutive sessions of decline, driven by strong quarterly results from Swiss company ABB and growing optimism about the possibility of a trade agreement between the United States and the European Union.
The pan-European STOXX 600 index rose 0.8 percent to 545.72 points in morning trading, while engineering company ABB jumped 8.2 percent after announcing record quarterly orders.
Siemens shares rose 3.6 percent and Schneider Electric shares rose 5.8 percent, amid improved investor appetite for large industrial stocks, which have been among the main drivers of the European benchmark index.
In the technology sector, shares of Dutch company ASML rose 1.7 percent, after falling 11 percent during yesterday's session.
Similarly, shares of Swedish gaming technology company Evolution rose 6.5 percent after announcing its second-quarter results.
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