There is a wave of optimism in European stocks on the company’s report

Jan 26 (Reuters) – European stock markets rose on Thursday on positive quarterly results from the likes of STMicroelectronics, Sabadell and Nokia.

The pan-European STOXX 600 was up 0.61% as of 11:42 a.m. ET, with technology and financial services stocks up 1.21% and 1.31%, respectively.

Microchip maker STMicroelectronics jumped 8.4% after reporting better-than-expected sales in the fourth quarter.

Shares of Spanish lender Sabadell gained 8.4% on positive management comments on net interest income for 2024, despite a decline in net income in the final quarter of 2022.

Shares rose 5% after the Finnish telecom equipment maker beat forecasts in quarterly operating earnings.

The original message in English is available at: (Ankika Biswas)