European Stocks Edge Higher as Market Calm Returns
European stocks traded mostly higher on Monday, recovering some composure after last week's losses driven by concerns that a Democratic sweep in the US midterms could trigger tighter AI regulation. The STOXX 50 rose 0.3% to 6,190 points, while the broader STOXX 600 gained 0.1%, as investors digested a fresh wave of corporate news and oil prices fell after President Trump downplayed the prospect of further strikes on Iran. Among individual stocks, Banco BPM surged more than 9% after Crédit Agricole proposed merging the Italian lender with its local subsidiary. UniCredit gained more than 4% after raising its profit target and SAP added nearly 2% following a JPMorgan upgrade. On the downside, Hochtief plunged 6% after ACS denied takeover plans, while Nvidia shares fell 6% in Frankfurt amid reports of an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence operation, raising questions about his future at the AI chipmaker.
European stocks traded mostly higher on Monday, recovering some composure after last week's losses driven by concerns that a Democratic sweep in the US midterms could trigger tighter AI regulation. The STOXX 50 rose 0.3% to 6,190 points, while the broader STOXX 600 gained 0.1%, as investors digested a fresh wave of corporate news and oil prices fell after President Trump downplayed the prospect of further strikes on Iran. Among individual stocks, Banco BPM surged more than 9% after Crédit Agricole proposed merging the Italian lender with its local subsidiary.
UniCredit gained more than 4% after raising its profit target and SAP added nearly 2% following a JPMorgan upgrade. On the downside, Hochtief plunged 6% after ACS denied takeover plans, while Nvidia shares fell 6% in Frankfurt amid reports of an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence operation, raising questions about his future at the AI chipmaker.