LONDON – European equities advanced on Thursday after a global recovery in markets after days of negative sentiment.
The pan-European Stoxx 600 gained 0.3% in early trading, with technology stocks up 1% to drive profits as all sectors except financial services traded in positive territory.
European markets are following the positive momentum of yesterday’s session, following on from overnight upward trading in Asia-Pacific, although the same cannot be said for their US counterparts.
US stock index futures fell during overnight trading on Wednesday, despite stocks hitting two-day losses on Tuesday, while companies tied to the reopening of the economy led the way.
Thursday, Europe has a busy day of income. Nestlé, SAP and Renault are among the companies reporting today.
Credit Suisse, meanwhile, reported a net loss of 252 million Swiss francs ($ 275 million) as it digested the impact of Archegos’ hedge fund scandal.
The European Central Bank is also scheduled to release its latest monetary policy announcement, although no major shifts are expected.
Earnings and data releases continue to dictate US market sentiment this week, with more companies including AT&T, American Airlines and Intel reporting Thursday.
Economic data released Thursday also gives investors a snapshot of the ongoing economic recovery. The first jobless claims will be released at 8:30 a.m.ET, with economists expecting a circulation of 603,000, according to Dow Jones estimates.
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– CNBC’s Pippa Stevens contributed to the reporting of this story