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European stock markets bounce off the push from the technology sector

Apr 21 (Reuters) – European stocks rebounded on Wednesday after their worst slide of the year, as optimism about a strong earnings season offset concerns about the rapid rise in COVID-19 cases in some countries.

Technological stocks were the ones that showed the best evolution, advancing almost 2%. Semiconductor equipment maker ASML soared 5.4% after raising its full-year sales forecast, citing strong demand amid shortages of computer semiconductors globally.

Rival ASM International scored 4.2%, forecasting an increase in orders in the second quarter.

The world’s second-largest brewer, Heineken NV, was up 4.2% after reporting better-than-expected quarterly sales.

Italian soccer club Juventus plunged 10% after the splintered European Super League was called into question by the departure of its six English clubs.

The pan-European STOXX 600 Index rose 0.6% in early trading after a seven-week rally was offset by a profit-taking.

The German DAX was up 0.2%, while the French CAC 40 was up 0.5% and the British FTSE was up 0.4%.

(Information from Sruthi Shankar in Bengaluru; edited by Shounak Dasgupta, translated by Michael Susin at the Gdansk newsroom)

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