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Tech Stocks Lead European Market Rebound Amidst Economic Uncertainty

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TECH STOCKS,EUROPEAN MARKET,INTEREST RATES

European shares made a comeback on Thursday, led by tech stocks, following a two-day decline fueled by concerns over U.S. economic issues and France's political and economic challenges. Trading was light with the U.S. market closed for Thanksgiving. The tech sector experienced its best performance in a week, with chip stocks gaining after Bloomberg reported potential easing of U.S. restrictions on China.

-Tech stocks spearheaded a rebound in European shares on Thursday, after a two-day slump fuelled by worries over potential U.S. tariffs and France's economic and political challenges, with investors now closely watching inflation reports for clues on the future trajectory of interest rate cuts.index was up 0.4% to 507.23 points. Trading volumes were expected to be light with the U.S. market shut for Thanksgiving holiday.

France's blue-chip index also regained some lost momentum, gaining 0.5%, after sliding to August lows in the previous session.Sentiment eased after European Central Bank President Christine Lagarde told the Financial Times a global trade war would be"in nobody's interest". French Prime Minister Michel Barnier's government faces an uncertain future, as his struggle in securing approval for the 2025 budget in a polarized parliament make it increasingly likely that his fragile coalition will collapse.

 

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