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European stocks rise 1%, supported by technology shares

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European stocks rose more than 1 percent during Thursday’s trading, supported by a strong performance by technology stocks..

The pan-European STOXX 600 index rose 1.2 percent to 514.17 points during trading. The index is on track for its best one-day performance in about a month if the gains continue..

The German DAX also rose 0.11%, the British FTSE 100 rose 0.97%, the French CAC 40 rose 0.64%, and the Italian FTSE 100 rose 0.92%.%.

The technology sub-index rose 2.6 percent, tracking tech companies in Asia..

The primary resources sub-index rose 2 percent after base metals prices rose, supported by hopes of a U.S. interest rate cut next week..

Roche shares fell 4.5 percent after the Swiss drugmaker said promising results from an early-stage trial of a weight-loss pill were based on just six patients..

Sultan Al Qasimi launches the comprehensive Arabic encyclopedia
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