European stocks bounce back as ASML outlook lifts tech sector

  • Reuters
  • Stock Market News
European stocks bounce back as ASML outlook lifts tech sector
Credit: © Reuters.

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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. rival ASM International ASMI.AS rose 4.2% on forecasting a rise in second-quarter orders. world's second-largest brewer Heineken NV HEIN.AS gained 4.2% after it reported a better than expected quarterly sales. football club Juventus JUVE.MI slumped 10% after the breakaway European Super League was rocked by the departure of its six English clubs. 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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