European stocks advanced on Wednesday, marking a third straight session of gains. The STOXX 50 rose 0.9%, reaching its highest level in several months, while the STOXX 600 added 0.7% to close at a new record high. The rally mirrored a broader improvement in global risk appetite, led in particular by technology shares.
Optimism in the tech sector was supported by a positive outlook from CoreWeave, a firm that has been central to market debates over a potential AI bubble, as well as rising anticipation ahead of Anthropic PBC’s planned stock market listing. ASML Holding climbed 2.6%, and Infineon surged 6.1%.
Investors also digested a fresh wave of European corporate earnings. Siemens Energy jumped 7.1% after reporting record quarterly revenue. ABN Amro advanced 2% following a 52% year-on-year increase in third-quarter net profit, while RWE gained 0.8% after delivering results that beat market expectations.
