FX.co ★ European Stocks Attempt to Stabilize

Both the STOXX 50 and STOXX 600 indices remained steady on Wednesday, hovering close to their lowest levels since late September. This came after four consecutive days of losses, as markets attempted to regain stability. Investor sentiment continued to be restrained, primarily due to ongoing concerns about potential overvaluation in AI and tech stocks, especially with Nvidia's quarterly report due later in the day. Among major market movements, UniCredit saw a decline of 1.2% following rumors it might pursue a takeover of smaller Italian competitor BPER. Other companies like Engie, RWE, and Iberdrola experienced minor losses, declining by 1.3%, 0.8%, and 0.8%, respectively. Conversely, Deutsche Telekom rose by 0.7%, and Repsol increased by 0.9%. Standing out, The Sage Group surged more than 3%, leading the gains in the STOXX 600, buoyed by robust full-year results for the fiscal period ending September 2025.