FX.co ★ European Stocks Close Q2 on a Strong Foot

European stocks advanced on Tuesday, with the STOXX 50 up 0.6% and the STOXX 600 gaining 0.9%, supported by technology shares amid renewed AI optimism following the recent sell-off and improving demand expectations. ASML Holding climbed 3.2%, Infineon Technologies added 2.4%, and STMicroelectronics rose 2.7%. Industrial names also performed strongly, with Siemens up 2.4%, ABB gaining 1.9%, and Schneider Electric advancing 2.6%. Siemens Energy jumped nearly 5% after confirming robust demand trends during its pre-close quarterly earnings call on Monday. On the downside, Kering (-2.6%) and Logitech (-4%) were among the weakest performers. For June, the STOXX 50 is up about 3% and has gained roughly 12% over the quarter. The STOXX 600 has risen 1.6% so far in June and is up about 9% for the quarter, marking its strongest quarterly performance since October 2020, as oil prices returned to pre-war levels and tensions in the Middle East eased.