European stock indexes mostly rose in early trading, and the market performance was quite strong. Strong earnings performance and the rotation of investors towards defensive sectors drove the European Stoxx 600 Index up, although the sell-off dominated by the semiconductor sector continued. The British FTSE 100 Index also maintained its upward trend, rising about 0.5% during the day, as rising oil prices boosted the performance of energy stocks such as Shell and British Petroleum. France's CAC40 index rose 0.5%, with Kering surging 11% after announcing financial reports, driving the overall luxury sector to strengthen. The German DAX index rose 0.3%. Among them, Deutsche Bank's stock price rose 5.3% due to the announcement of a new share repurchase plan, which became the main driving force behind the index's rise. The Dutch AEX index rose slightly by 0.05%. Against the backdrop of overall weakness in technology stocks, semiconductor equipment company ASM International fell more than 6%, but the chemical group IMCD rose 9%, which partially offset the drag on the technology sector. Spain's IBEX35 index fell 0.65%.

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