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European stocks bounce back as ASML outlook lifts tech sector

Published 21/04/2021, 08:20
© Reuters.
UK100
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FCHI
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 21 (Reuters) - European stocks rebounded on Wednesday
after their worst selloff this year as optimism about a strong
earnings season countered worries about a rapid rise in COVID-19
cases in some countries.
Tech stocks were the top gainers, up almost 2%, with
semiconductor equipment maker ASML ASML.AS jumping 5.4% after
it raised its full-year sales forecast, citing strong demand
amid a global computer chip shortage. Smaller rival ASM International ASMI.AS rose 4.2% on
forecasting a rise in second-quarter orders. The world's second-largest brewer Heineken NV HEIN.AS
gained 4.2% after it reported a better than expected quarterly
sales. Italian football club Juventus JUVE.MI slumped 10% after
the breakaway European Super League was rocked by the departure
of its six English clubs. The pan-European STOXX 600 index .STOXX rose 0.6% in early
trading after a blistering seven-week rally ran into
profit-taking on Tuesday.
The German DAX .GDAXI rose 0.2%, while France's CAC 40
.FCHI was up 0.5% and UK's FTSE .FTSE added 0.4%.

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