Europe opens higher for 2nd straight session on strong Chinese data

European stocks rose today, for the second straight session, as market's sentiment improved on strong Chinese exports data, in addition to Chinese yuan stabilizing, and global treasury bonds yields holding.

As of 10:48 GMT, Stoxx Europe 600 rose 1.1%, as it closed yesterday higher by 0.2%, its first gain in the last four sessions, recovering from the lowest level in 2 months.

The index opened higher, extending gains for the second straight session, with most of Europe's major markets and sectors in green.

The technology sector topped the gainers list in Europe with a gain of 1.8%, after the sector's rebounded in Wall Street on Wednesday.

Chinese exports rose by 3.3% in July, beating forecasts of a drop by 2.0%, and imports fell by 1.3% in June, which has eased the concerns about the Chinese economy.

Due to Chinese yuan stabilizing, and global treasury bonds yields holding, the concerns over US-China trade war and the the global economic slowdown are easing.

Standard & Poor's 500 futures rose more than 0.6%, after it closed yesterday higher by 0.1%, in the second straight daily gain.

Euro Stoxx 50 rose more than 1.1%, the French CAC 40 rose 1.2% to top the list of gainers, while in Germany, the DAX rose 0.8%, and in London, FTSE 100 rose 0.2%.