Stocks

European stocks bounce back

Reuters Paris | Updated on January 24, 2018 Published on March 30, 2015

European stocks rose early on Monday, bouncing back from last week’s losses with tech shares rallying after news of merger talks in the sector spurred a late-session rally on Wall Street on Friday.

At 0706 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 per cent at 1,587.00 points, after losing 2 per cent last week.

Infineon, STMicroelectronics, ARM and ASML were up 1.6 per cent to 2.3 per cent.

US tech shares climbed on Friday after news that Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion.

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Published on March 30, 2015
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