European Stocks Inch Higher
European stocks closed mixed on Thursday amid a batch of major corporate earnings results, while the ousting of Nvidia CEO Jensen Huang halted the recent rally for AI companies. The Euro STOXX 50 rose 0.1% to 6,399 and the STOXX Europe 600 extended its record high by 0.1% to 664. Siemens added 1.7% after it raised its medium-term targets on record order levels, largely due to higher demand for data center products and industrial factory automation. The insurance sector was also in the spotlight, with Allianz adding 2% after posting strong profits and raising its 2026 outlook, while Munich Re raised its profit guidance and jumped 2.9%. On the other hand, Enel lost 1.5% after its results. ASML fell 2% to pare its surge from earlier in the week, tracking the North American AI infrastructure sector following the leadership shake-up at Nvidia.
European stocks closed mixed on Thursday amid a batch of major corporate earnings results, while the ousting of Nvidia CEO Jensen Huang halted the recent rally for AI companies. The Euro STOXX 50 rose 0.1% to 6,399 and the STOXX Europe 600 extended its record high by 0.1% to 664. Siemens added 1.7% after it raised its medium-term targets on record order levels, largely due to higher demand for data center products and industrial factory automation. The insurance sector was also in the spotlight, with Allianz adding 2% after posting strong profits and raising its 2026 outlook, while Munich Re raised its profit guidance and jumped 2.9%.
On the other hand, Enel lost 1.5% after its results. ASML fell 2% to pare its surge from earlier in the week, tracking the North American AI infrastructure sector following the leadership shake-up at Nvidia.