Technology boosts European stocks after recent loss

European stocks rose on Friday after experiencing their biggest daily loss in the previous two weeks, supported by some company earnings and the impact of rising oil prices on monetary policies. The STOXX 600 index increased by 0.6% to 644.67 points, with the technology sector recovering after "SAP" shares surged 10% due to growth in cloud computing services orders. However, oil and gas company stocks did not benefit from Brent crude continuing to stay above $100, as "Nesti" shares declined following the Finnish oil refinery company reporting lower-than-expected profits, reflecting new expectations that the economy may enter a recession soon. analysts indicate that rising costs and the open-source AI model threaten the sustainability of major tech companies' business models, while it is expected that the European Central Bank will need to raise interest rates again to address inflation risks.

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