European stocks rebound from 1-week low led by travel shares

European stocks rose on Thursday, rebounding from the 1-week low of yesterday, thanks to improved market sentiment following record gains in Wall Street, with the travel sector leading gains as fears over the spread of the Covid-19 delta strain receded in Europe.

The Stoxx Europe 600 index rose 0.5% as of 11:22 GMT, after closing lower by 0.8% yesterday and hit a 1-week low of 451.23 points.

The travel and leisure sector saw the largest gains in Europe today, with a jump of more than 2%, thanks to the recovery in most of the sector's companies' shares after concerns over the spread of the new delta strain receded in Europe.

S&P 500 futures rose 0.2% today ahead of Wall Street's opening, after the index ended higher by 0.1% yesterday and posted a new record at 4,302.43 points.

Back to Europe, the Euro Stoxx 50 index rose 0.6%, France's CAC 40 rose 0.5%, Germany's DAX index rose 0.4%, and the UK's FTSE 100 rose more than 0.9%.