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.

ASML, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the U.S. to restrict China’s access to high-end technology.

Evercore ISI cut Ford's price target, saying the automaker could struggle if there is a recession. As a result, Ford's stock dropped 1.9%.

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.

Moderna MRNA 3.21% is a rare example of a company in recent history.