European equities rose on Thursday, with the STOXX 600 reaching a two-week high, driven primarily by gains in the insurance sector. Shares of major insurers advanced after a series of upbeat earnings reports, reinforcing investor confidence in the sector’s profitability despite a challenging macroeconomic environment.The broader rally was supported by modest strength in banking and energy stocks, which benefited from stabilizing bond yields and a slight uptick in commodity prices. However, not all corners of the market participated: Dutch payments firm Adyen slumped sharply after disappointing earnings and weaker-than-expected revenue guidance, dragging down the technology segment.Investors also responded to better-than-forecast macroeconomic data from the UK and steady euro zone GDP figures, which tempered fears of a near-term recession. Market participants viewed the session’s gains as part of a broader rebound in European markets, buoyed by expectations that the European Central Bank will keep rates low into next year.Still, strategists cautioned that sector rotation and stock-specific volatility could remain a theme, especially as corporate earnings season continues and geopolitical risks linger.
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