European Stocks Bounce Back as Merck KGaA and ASML Advance

European stocks rebounded as investors parsed through earnings reports and tracked a broader rally in technology.

The Stoxx Europe 600 Index was up 0.8% at the close. Merck KGaA rallied 6.8% as its results showed strong momentum in life sciences. ASML Holding NV rose 4.8%, the biggest contributor to the index, tracking gains in Korean chipmakers.