European markets edged higher on Thursday as momentum in markets picked up on the back of robust corporate earnings.

The pan-European Stoxx 600 was up 0.8% by mid-afternoon, having reversed opening losses. Industrials added 2.1% to lead gains while travel and leisure stocks dropped 2%.

Earnings remain a key driver of sentiment in European equity markets. Among the big names to report before the bell on Thursday were AstraZeneca, Deutsche Telekom, Henkel, ArcelorMittal and Wienerberger.

European markets also recovered earlier losses Wednesday to finish the day higher. Stocks in the U.S. also rose during the previous session, with the S&P 500 posting its longest winning streak since November 2021.

U.S. stock futures were mixed on Thursday. Investors will be keeping an eye out for data on U.S. jobless claims on Thursday, as well as remarks from a slate of Federal Reserve officials, including Chair Jerome Powell.

Most Asia-Pacific markets edged higher overnight, with data from China showing consumer prices shrank faster than expected in October.