European Stocks Rise, STOXX 600 Hits New High
European stocks advanced on Wednesday, extending gains for a third consecutive session. The STOXX 50 climbed 0.9%, reaching levels not seen in several months, while the STOXX 600 gained 0.7% to hit a fresh record high. The positive momentum reflected a broader improvement in global investor sentiment, driven largely by gains in the technology sector. Sentiment was buoyed by an upbeat outlook from CoreWeave, a company at the centre of concerns over a potential AI bubble, as well as growing anticipation surrounding Anthropic PBC’s planned listing. ASML Holding shares rose 2.6%. Investors also closely monitored a fresh round of corporate earnings and updates from European companies. Siemens Energy reported record quarterly revenue, while ABN Amro posted a 52% year-on-year increase in third-quarter net profit. Meanwhile, RWE’s earnings exceeded market expectations, and E.ON reaffirmed its full-year guidance.
European stocks advanced on Wednesday, extending gains for a third consecutive session. The STOXX 50 climbed 0.9%, reaching levels not seen in several months, while the STOXX 600 gained 0.7% to hit a fresh record high. The positive momentum reflected a broader improvement in global investor sentiment, driven largely by gains in the technology sector. Sentiment was buoyed by an upbeat outlook from CoreWeave, a company at the centre of concerns over a potential AI bubble, as well as growing anticipation surrounding Anthropic PBC’s planned listing.
ASML Holding shares rose 2.6%. Investors also closely monitored a fresh round of corporate earnings and updates from European companies. Siemens Energy reported record quarterly revenue, while ABN Amro posted a 52% year-on-year increase in third-quarter net profit. Meanwhile, RWE’s earnings exceeded market expectations, and E.ON reaffirmed its full-year guidance.