European Stocks Rise Sharply as Asia-Pacific Markets Gain Momentum

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The pan-European Stoxx 600 surged around 1% Thursday, fueled by overnight gains in Asia-Pacific markets. Most sectors were positive, with traders focusing on the weekly jobless claims report and second-quarter GDP figures.

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London.LONDON — European stocks opened sharply higher Thursday, spurred on by overnight gains in Asia-Pacific markets.

were little changed on Wednesday night after the index broke a four-day winning streak. Traders will be keeping a close eye on the weekly jobless claims report, due Thursday.

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