06:55 AM EST, 01/15/2026 (MT Newswires) -- European bourses joined the global tech rally midday Thursday, after a strong earnings report from industry titan Taiwan Semiconductor Manufacturing re-energized the sector.

Traders also mulled the possibly ebbing Iran crisis, after US President Donald Trump appeared to indicate military action might be held in abeyance, given recent events in Tehran.

Along with tech, property and bank stocks led gains on continental trading floors, while oil and retail shares lagged.

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

In economic news, seasonally adjusted industrial production in the eurozone rose 0.7% in November from October, and 0.2% in the broader European Union, reported Eurostat. On year in November, industrial output increased 2.5% in the eurozone and by 2.2% in the EU.

The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.

The Stoxx Europe 600 Technology Index was up 1.9%, and the Stoxx 600 Banks Index gained 0.7%.

The Stoxx Europe 600 Oil and Gas Index eased 0.6%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.3%.

The REITE, a European REIT index, rose 1.2%, while the Stoxx Europe 600 Retail Index was down 0.6%.

On the national market indexes, Germany's DAX was steady, and the FTSE 100 in London gained 0.5%. The CAC 40 in Paris was down 0.3%, and Spain's IBEX 35 was flat.

Yields on benchmark 10-year German bonds were lower, near 2.83%.

Front-month North Sea Brent crude-oil futures were down 3.4% at $64.26 a barrel.

The Euro Stoxx 50 volatility index was down 8.4% at 15.98, 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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