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European Markets Recover as STOXX 600 Rises on Tech-Led Strength
STOXX 600 climbed as tech-sector momentum lifted European markets and reduced recession concerns, supported by improved risk sentiment and stabilizing macro indicators.
European markets posted a broad rebound with the STOXX 600 index rising as renewed strength in major technology stocks helped ease near-term recession concerns. Gains were supported by momentum in semiconductor, cloud infrastructure and enterprise software names, which benefitted from improved global risk sentiment following strong US tech earnings.
Analysts noted that the rebound reflects stabilizing investor expectations and a rotation back into cyclical sectors as macro indicators across Europe show early signs of moderating economic pressures.