This is CNBC's live blog covering European markets.
LONDON — European markets closed higher on Thursday as investors assessed the implications of some big U.S. corporate results and the start of earnings season at home.
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The pan-European Stoxx 600 closed 0.4% higher, with tech stocks ending the session 2.5% lower on the back of weak U.S. earnings while mining stocks added 1.5%.
The European blue chip index closed the previous session up 0.3%, with Britain's FTSE 100 jumping 1.8% as the British pound and U.K. bond yields fell sharply on the back of cooler-than-expected inflation data.
Markets in Asia-Pacific were mixed as investors digested a slew of economic data across the region. Japan's Nikkei 225 led losses after the country posted a surprise trade surplus of 43 billion yen ($308 million), its first surplus in 23 months.
Stateside, U.S. stocks were mixed on Thursday, with the Nasdaq 0.1% lower in morning trade following a disappointing set of tech earnings. Shares of Netflix sank Wednesday after the company missed second-quarter earnings expectations.
German healthcare company Fresenius Medical Care jumped 7% in afternoon deals to hit the top of the Stoxx 600, after U.S. rival Pfizer reported tornado damage at one of its facilities in North Carolina.
Shares of London-listed Hikma Pharmaceuticals also rose over 7% on the news.
At the other end of the European benchmark, Swedish home appliance manufacturer Electrolux slid further, falling 20% after missing second-quarter earnings expectations.
— Karen Gilchrist
Wheat futures continued to rise Thursday after Russia fired weapons at Ukrainian port cities and storage infrastructure for a third day in the wake of its withdrawal from negotiations over a Black Sea export deal.
Chicago wheat contracts with September expiry were up 2.65% to a just over three-week high at 9:44 a.m. London time, after an 8% spike Wednesday.
— Jenni Reid
The pan-European Stoxx 600 opened 0.2% lower on Thursday, with tech stocks dropping 2% on the back of weak earnings stateside, while mining stocks added 0.8%.
European tech stocks followed their U.S. counterparts lower in early trade. Nasdaq 100 futures slid in after-hours trading Wednesday evening as Netflix missed second-quarter earnings expectations, while Tesla CEO Elon Musk and other executives told an earnings call to expect a slowdown in vehicle production in the third quarter.
— Elliot Smith
German producer prices rose by 0.1% year on year in June, the federal statistics office said Thursday, slightly exceeding analyst expectations of no annual change.
China's major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early trades on Thursday, Reuters reported.
Citing two people "with direct knowledge of the matter", Reuters said one of the sources also revealed that such moves was meant to slow the pace of yuan declines.
The offshore yuan strengthened 0.66% on afternoon, trading at 7.1839 against the greenback.
Goldman Sachs named Chinese stocks it says are likely to benefit from developments in generative artificial intelligence — and two are on the bank's conviction list of buy-rated names.
In two research notes dated July 16, Goldman gave an overview of opportunities and risks created by generative AI and picked the stocks likely to benefit.
— Lucy Handley
Shares of ASML have soared this year on the buzz around semiconductor firms and artificial intelligence — its Netherlands-listed shares have jumped about 32% in the year to date, while its U.S.-listed ones have surged almost 40%.
But it's facing a number of risks, including U.S.-China tensions.
Where will the stock go from here? CNBC Pro trawled through Wall Street research to find out.
CNBC Pro subscribers can read more here.
— Weizhen Tan