European stocks lifted by upbeat SAP results, ECB in focus

Having taken a breather yesterday, the stocks on the European bourses staged a solid comeback on the back of upbeat earnings reports, particularly in the technology space.

Software maker SAP SE climbed 3% after reporting second-quarter results that bettered expectations. On the losing end, miners and financial stocks traded with size-able losses after the mining giant Anglo American Plc slumped 6%.

Further, a fresh bout of profit-taking cannot be ruled out ahead of the ECB monetary policy decision due to be announced tomorrow.

Currently, Germany's DAX 30 index jumps +1.24% to 10,105, while the UK's FTSE index rises +0.43% to 6,726. Among other European indices, the French CAC 40 index gains +1.18% to 4,380, while the pan-European Euro Stoxx 50 index advances +1.10% to 2,967 points.