European Shares Rise as Earnings and Tech Stabilisation Lift Mood
The STOXX 600 advanced and was on track for its strongest weekly gain since August, while London's FTSE 100 edged lower.
Key takeaways
- The STOXX 600 rose 0.3% and was up more than 1% for the week.
- The FTSE 100 fell 0.1%, while major continental European indexes gained.
- Schneider Electric raised its 2026 profit and revenue targets again.
European shares rose Friday, with the STOXX Europe 600 up 0.3% to around 642 points. The index was on track for its biggest weekly gain since August, according to a Reuters report, while the FTSE 100 slipped 0.1%.
Lower bond yields, easing pressure on technology stocks and falling oil prices supported sentiment, according to Turkish media reports. The DAX rose 0.8%, while France's CAC 40 gained 0.1%; Italy's FTSE MIB and Spain's IBEX 35 each advanced 0.7%.
Industrials led sector gains, rising 0.7%, as investors responded to company results and outlooks. Schneider Electric gained 1.4% after raising its 2026 core profit and revenue targets for a second time. Aixtron rose 4.8% after reporting third-quarter orders above market expectations and reaffirming its annual guidance.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
