European stocks rise on the back of Wall Street gains

European stocks advanced cautiously on Thursday, tracking gains on Wall Street in the previous session, with economic data and corporate earnings in focus.

The pan-European Stoxx 600 climbed 0.4 percent in early trade, with retail stocks adding 1.9% while travel and leisure stocks slid 1.1 percent.

Apart from the German DAX DAX, -0.12 percent decline, other indexes rose, with the French CAC 40 PX1, 0.56 percent and U.K. FTSE 100 UKX, 0.10 percent advancing.