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European stocks rebounded on Wednesday, with beaten-down tech stocks bouncing back after ASML Holding raised its financial targets.<\/p>\n
In economic releases, the European Commission said that its economic sentiment indicator, an aggregate measure of business<\/span> and consumer confidence, rose to 117.8 in September from 117.6 in August, beating forecasts for a small decline.<\/p>\n Elsewhere, U.K. shop prices declined at a slower pace in September, data published by the British Retail Consortium revealed.<\/p>\n The shop price index dropped 0.5 percent on a yearly basis in September after easing 0.8 percent in August.<\/p>\n The pan European Stoxx 600 climbed 0.9 percent to 456.53 after declining 2.2 percent in the previous session in its biggest percentage decline since mid-July.<\/p>\n The German DAX and France’s CAC 40 index both rose about 1 percent, while the U.K.’s FTSE 100 was up 0.9 percent. <\/p>\n Chip equipment maker ASML Holding NV gained 2 percent after hiking its financial forecasts. ASM International shares jumped almost 7 percent.<\/p>\n Wm Morrison Supermarkets gained 1.3 percent in London as the Takeover Panel established an auction procedure for the company.<\/p>\n Drug maker AstraZeneca jumped 2.4 percent. The company said its newly acquired Alexion division will purchase the remaining equity in peer Caelum Biosciences in a deal that could be worth up to $500m.<\/p>\n Clothing retailer Next added 2.4 percent. The company reported a swing to a pretax profit for the first half of fiscal 2022 and raised its full-year profit outlook for the fourth time in six months.<\/p>\n TotalEnergies, BP Plc and Royal Dutch Shell were moving lower as oil extended declines on industry data showing U.S. crude oil, gasoline and distillate inventories unexpectedly rose last week.<\/p>\n Royal Mail plunged 5.7 percent after UBS downgraded the stock to “sell” from “buy”.<\/p>\n Air France KLM shares fell 2.4 percent in Paris. The airline is beginning to see some recovery in business travel on domestic routes but premium travel remains far below pre-crisis levels, CEO Anne Rigail said while speaking at a ceremony to mark the arrival of the first of 60 Airbus A220-300 jets.<\/p>\n GEA Group shares rallied 3.2 percent after the German food industry system supplier presented its “Mission 26” strategy in London as part of its Capital Markets Day. <\/p>\n<\/p>\n<\/div>\n