FX.co ★ European Stocks Rebound

European stocks finished solidly higher on Thursday, rebounding from the previous session’s losses as worries over tighter monetary policy eased. The Euro STOXX 50 rose 1.2% to 6,282, while the STOXX Europe 600 climbed 0.8% to 640. AI-related shares recovered ahead of SK Hynix’s US trading debut tomorrow, with reports that its ADR is seven times oversubscribed, challenging recent claims that data center operators are overinvesting. ASML and Infineon each gained more than 4%, and both Siemens Energy and Siemens advanced over 3%. Meanwhile, banks benefited from a recovery in Eurozone bonds amid a pullback in energy prices, as tanker traffic through the Strait of Hormuz continued despite strikes between the US and Iran. Santander, Intesa Sanpaolo, and ING added around 2%, while UniCredit rose 2.6% on growing expectations it will acquire Commerzbank.