The pan-European STOXX 600 index hit a one-month high on Thursday, supported by stocks in the mining, banking and healthcare sectors, but chip-related stocks sold off after a bleak outlook for Taiwanese company TSMC.
The Stoxx 600 index closed up 0.4%, extending its gains for the third consecutive session. The index reached the highest level today at 464.17 points.
And boosted promising corporate earnings and data indicating a sharp slowdown in the rise in British consumer prices hopes for an easing of global price pressures, according to Reuters.
The European mining and health care indices rose by 1.6%, while the banking index rose 0.6%. The three sectors recorded the best performance today.
The technology sector index, which has risen nearly 23% this year, recorded the biggest losses in Europe, closing down 2.5%.
Shares of semiconductor companies, including ASML, ASM International and Extron, fell from 2.7% to 5.6% after TSMC predicted lower sales in 2023 due to the impact of global economic problems on the economy. chip demand.
According to IBES Refinitiv data, earnings for stocks listed on the STOXX 600 in the second quarter are expected to decline 9.2% compared to the same quarter of the previous year.