European stocks notched modest gains Thursday, with chip makers boosted by an encouraging forecast on U.S. sales and the broader market welcoming the release of upbeat economic growth and industrial output data from major trading partner China.
But U.K. equities were a source of pain, as traders fretted about the health of the British real-estate market and as shares of Primark owner AB Foods took a knock after a financial update.
The Stoxx Europe 600 index rose 0.2% to close at 398.74.
Germany’s DAX 30 index rose 0.7% to 13,281.43, and France’s CAC 40 ended 0.02% higher at 5,494.83.
But the U.K.’s FTSE 100 index shed 0.3% to hit 7,700.96, squeezed by a rally in the pound bought $1.3904, up from $1.3830 late Wednesday in New York.
The euro bought $1.2243, up from $1.2188 on Wednesday.