European stocks rebound to close Thursday with rally

By Ovunc Kutlu

ISTANBUL (AA) - European stocks rebounded from the previous day's losses and rallied Thursday to close the session with gains.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 3.51 points, or 0.78%, to finish at 455.27 after it lost 1.07% on Wednesday.

The UK's FTSE 100 added 44 points, or 0.59%, to end the session at 7,490. Germany's DAX 30 jumped 189 points, or 1.21%, to 15,853. The exchanges plummeted 1.01% and 1.54%, respectively, during the previous day.

France's CAC 40, meanwhile, increased 38 points, or 0.55%, to close at 7,137 after it dove 1.54% on Wednesday.

Italy's FTSE MIB was the best performer of the day, soaring 524 points, or 2.01%, to 26,575. The index plummeted 1.97% during the previous session.

Spain's IBEX 35 rose 117 points, or 1.3%, to end at 9,167 points as it gained back all of its losses from Wednesday's 1.28% decline.