European stocks rise as Richemont flourishes in China

European Stock Markets Stabilize After Previous Session’s Losses

European stock markets traded marginally higher on Thursday, steadying after the previous session’s sharp losses. The DAX in Germany traded largely unchanged, the CAC in France traded up 0.2%, and the FTSE in the UK rose 0.1%. The slight gains followed a selloff driven by uncertainty over future interest rate cuts in the US.