(Reuters) – European stocks rose on Thursday as software giant SAP signalled a rebound in its business from a coronavirus hit, while optimism over China’s recovery helped Germany outperform.
The broader European equities index <.stoxx> rose 0.3% in early deals.
SAP
Denmark’s Pandora
China-exposed miners <.sxpp>, luxury stocks and automakers <.sxap> all rose, drawing comfort as a rally in Shanghai shares extended to the eighth day on hopes of a faster recovery for the world’s second largest economy. [.SS]
Frankfurt-listed shares <.gdaxi> outperformed its European peers with a 0.9% jump, as data showed German exports rebounded in May, spurred by the lifting of lockdown measures.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)