European stocks traded higher on Thursday, with the STOXX 50 rising 0.8% and the STOXX 600 gaining 0.6%, as investors digested a fresh batch of corporate earnings. ABB surged nearly 10% after delivering strong quarterly results. ASML Holding climbed more than 4%, rebounding from a 1.7% decline the previous session, despite having already reported solid quarterly numbers. Siemens also advanced, gaining 3.1%. STMicroelectronics rose 3.4% after beating revenue forecasts. ING added 0.8% on the back of robust profit and income guidance, while Swedbank advanced 1.1% after surprising markets with a higher-than-expected dividend. On the downside, SAP plunged 12% despite reporting in-line revenue, as ongoing concerns over its AI strategy continued to weigh on sentiment. Deutsche Bank shares fell 1.5%, while Roche declined 1.3% after warning of a negative currency impact on drug sales. Sanofi was little changed after missing revenue expectations.