by Reuters
Kitco
Nov 28 (Reuters) – Tech stocks spearheaded a rebound in European shares on Thursday, after a two-day slump fuelled by worries over potential U.S. tariffs and France’s economic and political challenges, with investors now closely watching inflation reports for clues on the future trajectory of interest rate cuts.
The pan-European STOXX 600 (.STOXX), index was up 0.4% to 507.23 points. Trading volumes were expected to be light with the U.S. market shut for Thanksgiving holiday.
The tech sector (.SX8P), climbed nearly 1%, logging its best day in one week, as chip stocks gained after Bloomberg reported the U.S. administration’s China chip curbs could be less severe than expected.