LONDON — European stocks opened broadly higher on Wednesday, reversing negative sentiment in the previous session that was driven by regional fiscal concerns.

By 8:15 a.m. London time (3:15 a.m. ET), the pan-European Stoxx 600 was 0.1% higher, with most sectors and all major bourses posting gains.

Looking at individual stocks, Watches of Switzerland jumped 8.3% in early trade following a trading update and a stock upgrade by Deutsche Bank.

The company on Wednesday confirmed it was on track to deliver first-half results in line with its expectations, despite massive U.S. tariffs hitting its products.

"We have seen consistently strong trading throughout the period, particularly in the US despite the announcement of increased tariffs on Swiss imports," it said in its trading update, add

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