The Stoxx 600 European index rose by 0.6%, reaching its highest level since March 13, following an increase in major U.S. stock indices. H&M shares surged by 7.3% after the world's second-largest fashion retailer reported unexpected operating profits for the period between December and February. However, it warned that cold weather had hindered overall sales for the spring season.
The sub-index for retail companies increased by 1.8%. The European banking sector index rose by 0.4%, marking its highest level in a week. The real estate sector index increased by 2.3%, continuing its gains after falling to a five-month low earlier this week. Shares of Danish wind turbine manufacturer Vestas climbed by 4.9% after the company secured an order in Brazil.
