European Stock Set to End September Lower
European stocks traded higher on Wednesday, with the STOXX 50 up 0.5% at three-week highs and the STOXX 600 gaining 0.7%, as most sectors advanced. Utilities and mining stocks led the gains, while the energy sector fell into negative territory. ASML (0.8%), Novartis (1.1%), Airbus (1.3%) and Safran (1.2%) all gained, while TotalEnergies shares fell 1%. Despite Wednesday’s gains on the final trading day of September, the STOXX 50 is down 1.5% for the month, while the STOXX 600 has fallen 2%. Energy prices have risen again this month amid a lack of progress in negotiations between the US and Iran, adding to inflationary pressures and reinforcing expectations of tighter monetary policy.
7%, as most sectors advanced. Utilities and mining stocks led the gains, while the energy sector fell into negative territory. 2%) all gained, while TotalEnergies shares fell 1%. 5% for the month, while the STOXX 600 has fallen 2%.
Energy prices have risen again this month amid a lack of progress in negotiations between the US and Iran, adding to inflationary pressures and reinforcing expectations of tighter monetary policy.