European shares jump on upbeat tech earnings, China cenbank aid

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Reuters UK

By Shristi Achar A and Shubham Batra (Reuters) -European shares rose over 1% on Wednesday, boosted by technology stocks after software company SAP and chip-making equipment maker ASML Holding posted strong earnings, while fresh stimulus from China’s central bank further aided sentiment. The pan-European STOXX 600 index was up 1.2%, hitting a one-week high. Shares of Dutch company ASML Holding soared 9.7% after beating fourth-quarter earnings estimates and posting its best quarterly orders. Amsterdam’s AEX index gained 2.4% to hit an over two-year high. Shares of SAP added 7.6%, touching a reco…

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