European stocks rise after global sell-off

European stocks rose on Tuesday after a global sell-off sparked by concerns about China’s potential advance in artificial intelligence, which could pose a major challenge to Western companies in the sector.

The pan-European STOXX 600 index rose 0.27%, with technology stocks up 0.5%. Media stocks led the gains, up 1%.

France’s CAC 40 rose 0.05% to 7,910.21 points. The European technology index added 0.3% after falling in the previous session.

Biopharmaceutical company Sartorius was the best performer on the index, up nearly 16% after announcing in a preliminary full-year report that it had met its profit targets and had a “cautiously positive” outlook for 2025.

Some companies such as SAP, Foxtons Group and Logitech reported earnings on Tuesday, while luxury conglomerate LVMH reported after the market closed. Also due to be released are French consumer confidence figures and the latest unemployment rate in Spain.