FX.co ★ European Stocks Break New Highs

On Tuesday, the STOXX 50 experienced a modest increase of 0.1%, while the STOXX 600 climbed by 0.3%, continuing the upward trajectory observed on Monday and setting new record highs. This positive trend was driven by favorable valuations and recent corporate updates, though investors remained vigilant regarding geopolitical issues involving Greenland and Iran, as well as concerns about the Federal Reserve's autonomy. Orsted's shares rose significantly by 5.6% after a US judge allowed the company to proceed with its nearly finished Revolution Wind project. Other notable gainers included ASML Holding, which rose by 1.6%, Novo Nordisk with a 0.9% increase, Inditex and Airbus, each up 0.7%, and Banco Santander, which gained 1.1%. The defense and aerospace sectors also maintained their upward momentum. Conversely, Vinci and AstraZeneca were among the leading decliners, with losses of 3.0% and 0.8%, respectively.