The pan-European STOXX 600 index (STOXX) looked set to post its biggest quarterly gain since March 2015 with a 12.5% rise, as unprecedented economic stimulus, hopes of a COVID-19 vaccine and relatively fewer coronavirus cases in Europe powered a rebound from March lows.
Still, the index is down 13.5% for the year.
The trade-sensitive German DAX (GDAXI) rose 0.2% after data showed China’s factory activity expanded at a stronger pace in June as the government lifted lockdowns and stepped up investment.
Chipmakers STMicroelectronics (MI:STM), Infineon (OTC:IFNNY) Technologies (DE:IFXGn), ASM International (AS:ASMI) rose between 1.4% and 2.8% after an upbeat revenue forecast from U.S. firm Micron Technology (O:MU).
Royal Dutch Shell (L:RDSa) fell 1.0% after saying it would write down the value of its assets by up to $22 billion after lowering its long-term outlook on oil and gas prices.