European stocks closed firmly higher on Thursday, with the STOXX 50 and the STOXX 600 adding 0.4% and 0.6%, respectively, extending the rebound from the prior session as long-dated yields edged lower and eased concerns of higher credit costs.
Yields were further pressured by pessimistic labor market data in the US following a batch of pessimistic signals about the labor market in the world's largest economy, consolidating bets of incoming rate cuts by the Federal Reserve.
Travel stocks were among the weakest performers, with Jet2 plunging 12.5 after cutting its winter 2025–26 capacity outlook amid a "difficult market." The announcement weighed on peers Ryanair (-3.2%), easyJet (-3.7%), and TUI (-1.2%). By contrast, technology shares gained ground, with SAP up 0.9% and ASML Holding 3.5% higher.
Source : Trading Economics
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