India, July 2 -- European stocks were moving higher on Thursday as gains in defensive stocks offset the loss of momentum in the AI-driven tech rally.

As inflation and interest-rate concerns ease, investors await the all-important U.S. nonfarm payrolls report later in the day for further direction.

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The pan European Stoxx 600 rose half a percent to 642.57 after falling 0.4 percent on Wednesday.

The German DAX gained 0.4 percent, France's CAC 40 surged 0.6 percent and the U.K.'s FTSE 100 was up half a percent.

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