European stocks rise, brushing off market jitters elsewhere - CNBC

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European stocks were higher on Thursday, unperturbed by declines in Asia-Pacific overnight and U.S. markets on Wednesday.

The pan-European Stoxx 600 climbed 0.8% in early trade, with tech stocks adding 1.5% to lead gains as all sectors and major bourses entered positive territory.

The solid start for European markets comes amid declines elsewhere; overnight in Asia-Pacific, shares traded mixed as investors reacted to the release of Chinese factory activity data for September.

China's official manufacturing Purchasing Managers' Index for September came in at 49.6, below expectations for a reading of 50.1 by analysts in a Reuters poll. PMI reading below 50 represent contraction while those above that level signify expansion.

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Meanwhile, U.S. stock index futures inched higher during overnight trading on Wednesday, after tech stocks dipped again as investors digest the impact from higher rates.

The tech decline came as the U.S. 10-year Treasury yield hit a high of 1.56% on Wednesday, after rising to 1.567% on Tuesday. The move higher is pressuring tech stocks since it makes promised future cash flows look less attractive.

Data deluge

On Thursday, investors in Europe were watching a number of important data releases. The U.K. economy grew by 5.5% in the second quarter, official data revealed, outstripping a previous estimate of 4.8% GDP growth.

French consumer spending rose by 1% in August from the previous month, after falling 2.4% in July. A Reuters poll had forecast a rise a 0.1%.

German and Italian unemployment numbers and preliminary consumer price inflation data from France, Germany and Italy are due Thursday morning. The euro zone also releases its latest unemployment data.

In terms of individual share price movement, Sweden's Sinch climbed 4% in early trade after agreeing to buy email delivery platform Pathwire for $1.9 billion.

At the bottom of the European blue chip index, Belgian retailer Colruyt fell more than 7% after lowering its full-year guidance on Wednesday.

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— CNBC's Eustance Huang and Pippa Stevens contributed to this market report.

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