European stocks close higher as tech rebounds on strong SAP earnings

1. 1European stocks rebounded on Friday, recovering from their biggest two-week drop the previous day.
2. 2Germany's DAX rose, lifted by SAP (SAP) shares surging 6.2% on better-than-expected cloud backlog, while the STOXX 600 index gained 0.5% to 642.62 and the tech index climbed 1.4%.
3. 3Investors took comfort in some earnings reports while keeping an eye on the impact of rising oil prices on monetary policy.

Source Reuters +1 · View original ↗

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