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European stocks settled on Thursday after the worst two-day sell-off since March, as optimism over strong corporate business results dashed the impact of fears over the consequences of the US debt cap crisis and a slowing global economy.
The European STOXX 600 index was stable by 07:07 GMT, after losing about 2.5% in the past two days due to a wave of sales of luxury stocks, and little progress has been made in talks to lift the U.S. debt cap to avoid debt deficits.
Fitch Credit Ratings put the United States on control for a possible reduction on Wednesday.
I jumped shares « . E Semicondactors Semiconductor 6.5% and E. S. M. International « 6.3%. The broader technology index increased 1.7%.