European stocks closed firmly higher on Thursday, rebounding from the losses in the previous session as concerns of tighter monetary conditions eased.
The Euro STOXX 50 added 1.2% to close at 6,282 and the STOXX Europe 600 advanced 0.8% to 640.
Stocks in the AI sector rebounded ahead of the start of trading for SK Hynix in the United States tomorrow, with reports that the ADR is seven times oversubscribed, challenging recent calls that data center companies are overinvested.
ASML and Infineon jumped over 4% each, while Siemens Energy and Siemens advanced over 3%.
In the meantime, banks tracked a recovery for Eurozone bonds amid a pullback in energy prices, as tanker flows through the Strait of Hormuz persisted despite the strikes between the US and Iran.
Santander, Intesa Sanpaolo, and ING added around 2%.
In turn, UniCredit gained 2.6% amid the increasing likelihood that it will acquire Commerzbank.