European stocks rose, led by tech gains, after reports of softer U.S. restrictions on chip sales to China.

European stocks rebounded on Thursday, with the STOXX 600 index rising 0.6%, fueled by tech stocks after reports suggested U.S. restrictions on chip sales to China would be less severe than expected. The German DAX and France's CAC 40 both increased by around 0.7%, while the UK's FTSE 100 edged up by 0.2%. Gains were seen in chipmakers Infineon Technologies and ASM International, as well as Volkswagen and Air France KLM. However, concerns about the French government's stability and a potential tariff war still loom.

November 28, 2024
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