European stocks rise on strong earnings, oil majors lead; BBVA drops 5%

European stock markets rose on Thursday, driven by strong quarterly earnings, with oil companies leading gains. Spanish bank BBVA bucked the trend, falling over 5% despite reporting higher profits. Shell shares jumped 2.59% after its quarterly profits nearly doubled to $10.81 billion, while Repsol gained nearly 2% following a 325% profit increase. Banking stocks declined, and technology shares fell after disappointing results from Alphabet and Samsung Electronics. The Stoxx 600 benchmark rose 0.48%, with Germany's DAX and France's CAC-40 gaining. The Euribor rate rose across three, six, and twelve-month terms, while the European Central Bank was expected to hold interest rates steady.