European markets advanced on Thursday, continuing the positive momentum seen in the previous session. Investors were encouraged by positive economic data and corporate earnings reports.

Boris Pistorius, Germany's Defense Minister, said on Sunday that he expects a decision soon on the delivery of Leopard 2 tanks to Ukraine. Annalena Baerbock, Germany's Foreign Minister, meanwhile, said Berlin would not block Poland from sending its own Leopard 2s to Ukraine.

Two Asian private-equity firms have merged through a new $700 million continuation fund using a deal structure that has become increasingly popular in recent years.

The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition.

VW shares rose 0.5% in Frankfurt trading on Wednesday, taking the company's gains since the start of the year to 10%.