06:43 AM EST, 01/09/2026 (MT Newswires) -- A tech rally lifted European bourses higher midday Friday, after a better-than-expected Q4 revenue report from Taiwan Semiconductor Manufacturing boosted industry outlooks.

Netherlands-based ASML, maker of equipment used to manufacture semiconductors, rose more than 4% on the news.

Separately, shares in Anglo-Swiss Glencore rose 9.3% midday after the British-Australian Rio Tinto mining enterprise revealed it had made an offer to acquire the resource company.

In addition to the tech rally, oil stocks pulled continental trading floors higher, while property shares lagged.

Investors also eyed Wall Street futures modestly flashing green, and higher closes overnight on Asian exchanges.

In economic news, November retail sales grew by 0.2% from October in the euro area and in the broader European Union (EU), reported Eurostat. On the year, retail sales in November grew by 2.3% both in the euro area and the EU.

The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.

The Stoxx Europe 600 Technology Index was up 2.5%, but the Stoxx 600 Banks Index was flat.

The Stoxx Europe 600 Oil and Gas Index rose 1.8%, while the Stoxx 600 Europe Food and Beverage Index was steady.

The REITE, a European REIT index, fell 0.7%, while the Stoxx Europe 600 Retail Index was up 0.5%.

On the national market indexes, Germany's DAX was up 0.3%, and the FTSE 100 in London gained 0.4%. The CAC 40 in Paris was up 0.8%, and Spain's IBEX 35 eased 0.1%.

Yields on benchmark 10-year German bonds were lower, near 2.82%.

Front-month North Sea Brent crude oil futures were up 0.8% at $62.47 a barrel.

The Euro Stoxx 50 volatility index was down 1.1% at 15.76, indicating below average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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