European Stocks Rose on Recovery Hopes And Gains From Technology Companies

European stocks rallied as investors hoped for a faster-moving economic recovery, while technology stocks led the gains after French information technology advisory group Atos ended talks on a possible acquisition of US rival DXC Technology.

Atos shares gained 5% after the company said it decided not to continue talks about a possible $ 10 billion acquisition of DXC Technology.

The European technology sector index rose 1.4%, while the European STOXX 600 index gained 0.8%.

The positive climate extended from Asian markets to Europe in early trade thanks to hopes of further stimulus in the US economy.

Investors are also still focused on earnings reports across Europe, while Fresnes Medical Care plunged 12 percent after the world’s largest dialysis machine company warned that its adjusted net profit will likely fall this year.

BP shares fell 4% after its profit declined in the fourth quarter of last year to $ 115 million due to weak energy demand and weak trade results.