empty
 
 

04.12.202508:36:17UTC+00European Stocks Gain for 3rd Session

European stocks experienced an upswing on Thursday, with the STOXX 50 and STOXX 600 indices each climbing by 0.3%. This marks a continuation of gains seen in the previous two trading sessions, indicating a strengthening positive sentiment within global markets. The release of weak labor-market data in the U.S. has bolstered expectations that the Federal Reserve will implement an additional 25 basis point rate cut in the upcoming week, further enhancing investor optimism. Market participants are also paying close attention to the progress of peace negotiations concerning Ukraine, as the U.S. special envoy is scheduled to engage with Ukraine's lead negotiator in Florida today. In corporate news, STMicroelectronics saw a notable rise of over 4%, emerging as a leader on the STOXX 600, while ASML increased by 1.1%, bolstered by reports of ambitious growth plans from China's Cambricon Technologies, which aims to enhance its AI-chip production more than threefold by 2026. Siemens advanced by 1.6%, and Schneider Electric saw a 3% increase following an upgrade from JP Morgan. In the automotive sector, Mercedes-Benz appreciated by 3% and Renault by 3.5%, both benefiting from a positive reassessment from Bank of America (BofA). Additionally, Societe Generale's shares rose by 2.8% and Commerzbank's by 2% after receiving an upgrade from Goldman Sachs.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback