European stocks have opened higher as a bit of political calm enters the market. The Stoxx 600 Index was up 0.6% in its third session of straight gains.
Retailers led the rally as Inditex shares jumped after the Zara-owner said it has seen a strong start to the third quarter.
Technology shares were also notable outperformers, with the sector getting a boost from a bullish outlook from US peer Oracle. Chipmaker TSMC also reported a 34% in August sales, adding to optimism that AI is set to be a big growth area for the industry.
Meanwhile, France's CAC 40 index climbed 0.6% as President Emmanuel Marcon named Sebastien Lecornu as the country's new prime minister. While the appointment faces mass protests over the government's budget proposals, it does alleviate some of the political uncertainty that has weighed on the country's benchmark this year.
Source: Bloomberg
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