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The pan-European STOXX 600 index (.STOXX) closed 1.2% higher. European shares still advanced 8.7% in the first six months of the year. Miners (.SXPP) were a big drag this quarter, down 9.2% as worries around top metals consumer China weighed heavily on metal prices. The real estate sector (.SX86P) rose 1.7%, buoyed by 4.3% gains in shares of LEG Immobilien (LEGn.DE) after the German firm raised its 2023 outlook. Shares in Adidas (ADSGn.DE) and Puma (PUMG.DE), which had fallen earlier on Nike's (NKE.N) dour forecast, reversed course to rise 2.5% and 3.3%, respectively.

Persons: Melanie Debono, Hubert de, Amruta Khandekar, Matteo Allievi, Varun H, Eileen Soreng, David Evans Organizations: European Central Bank, Pantheon, ECB, Capital Economics, MIB, Miners, Adidas, Puma, Thomson Locations: Europe, U.S, Hubert de Barochez, China, Bengaluru, Gdansk

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher. That made Spain the first among the euro zone's large economies to have inflation fall below 2%. This followed hawkish comments from U.S. and European central bank policymakers at a European Central Bank meet-up in Sintra on Wednesday, where the underlying theme was that rates are likely to stay higher for longer. Adding to recent hawkish messages from central banks globally, Sweden's central bank raised its policy rate by a quarter percentage point as expected and forecast at least one more rate hike this year. The stock was the top gainer on France's blue-chip index (.FCHI), which rose 0.4% and also helped the automaker sub-index (.SXAP) climb 1.3%.

Persons: Germany's DAX, year's, Claus Vistesen, Daniela Hathorn, Amruta Khandekar, Matteo Allievi, Sherry Jacob, Phillips, Rashmi Aich, Conor Humphries Organizations: Pantheon, U.S . Federal Reserve, European Central Bank, Capital.com, Renault, Belgian, Severn Trent, Thames, Semiconductor, Citigroup, Thomson Locations: Spain, Sintra, Severn, Bengaluru, Gdansk

The pan-European STOXX 600 index (.STOXX) closed 0.7% higher, tracking overnight gains in Wall Street. Shares of Sage Group Plc (SGE.L) gained 5.1% to a 23-year high after J.P. Morgan upgraded its rating on the stock to "overweight" from "neutral". Shares of chip equipment maker ASML Holding (ASML.AS) rose 2.3% while Nordic Semiconductor (NOD.OL) jumped 6.4%, making technology (.SX8P) among the top European sectoral gainers. Semiconductor shares were in focus after a report stated the U.S. was considering new restrictions on exports of artificial intelligence chips to China. Also boosting the STOXX 600, Roche Holding (ROG.S) gained 1.5% after the U.S. health regulator declined to approve Regeneron's (REGN.O) Eylea drug.

Persons: Christine Lagarde, Jerome Powell, what's, Danni Hewson, AJ Bell, Morgan, Hewson, Roche, Morgan Stanley, Christian Klein, Matteo Allievi, Subhranshu Sahu, Sherry Jacob, Phillips, Alex Richardson Organizations: Sage Group, UBS, CS, . Federal, ASML, Nordic Semiconductor, Semiconductor, Carrefour, Credit Suisse, SAP, Thomson Locations: Wall, U.S, China, Swiss, Gdansk, Amruta, Bangalore

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