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European markets closed higher after Wall Street's recovery.
European stocks reversed earlier losses to close broadly higher on Wednesday, November 5, as regional shares followed their US counterparts' upward trajectory.
The pan-European STOXX 600 index rose 0.25% at the close, recovering from earlier losses.
Germany's DAX index climbed 0.7% to close at 24,048.87 points.
Britain's FTSE 100 gained 0.6% to reach 9,777.08 points.
France's CAC 40 index closed up 0.08% at 8,074.23 points.
However, major Wall Street indexes rebounded on Wednesday morning, with some of the biggest artificial intelligence companies, including Advanced Micro Devices, Oracle, and Nvidia, posting gains in early New York trading.
Today saw a busy schedule of European corporate earnings reports. Novo Nordisk shares opened 4.5% lower before rebounding to a 2% gain after the Danish company reported quarterly net profits of 20 billion Danish kroner ($3.1 billion), in line with analysts' expectations.
In contrast, BMW shares fell 1.5% after the company posted third-quarter earnings before interest of €2.3 billion, matching estimates.
Investors are also awaiting the Swedish central bank's interest rate decision today, along with new data on German factory orders, UK new car sales, and European purchasing managers' indices.
