European stock indices are mixed, with energy and defense stocks dragging down the technology sector's rise.

European stock indices fluctuated, with declines in defense and energy companies offsetting gains in luxury goods and technology stocks. In the Netherlands, the tech-heavy AEX index rose 1.3% thanks to a surge in semiconductor stocks following favorable earnings from Taiwan Semiconductor. ASM International rose 11% and BE Semiconductor rose 7.6%. The Spanish IBEX 35 index fell 0.35% due to a 6% drop in oil giant Repsol Energia. The French CAC 40 index edged up 0.1%, with weak performance in defense companies like Thales offsetting gains in luxury goods stocks. The German DAX index fell 0.07%, ending an 11-day winning streak. The Italian FTSE MIB index rose 0.25% on a rebound in the banking sector, while the UK FTSE 100 index remained flat. In the UK, mining and housebuilding stocks declined while financial stocks rose, with Schroders Investment up 7.2% following a positive earnings update.