FX.co ★ European Stocks Close Slightly Higher

European stock markets ended Wednesday with modest gains, mirroring the recovery seen in North American markets as ongoing speculation about potential returns from artificial intelligence continued to influence investor sentiment. The Eurozone's STOXX 50 index increased by 0.2% to 5,670 points, while the broader pan-European STOXX 600 index climbed by 0.3% to reach 572 points. The session saw industrial heavyweights and automobile manufacturers leading the recovery from the previous day's losses, with Schneider Electric and Wolters Kluwer experiencing gains ranging from 1.5% to 2%. Notably, BMW's shares jumped nearly 7% after the company reported improved profit margins despite facing tariff-related uncertainties in the third quarter, subsequently boosting shares of other automakers such as Mercedes Benz, Volkswagen, and Stellantis by 2% to 4%. Conversely, ASML saw its shares decline by 1%, following downbeat earnings reports from AMD and Super Micro Computer. Additionally, Novo Nordisk's shares fell by 3.5% after the pharmaceutical company adjusted its growth forecast downward for its Ozempic obesity and diabetes treatments.