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FX.co ★ European Stocks Rebound

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typeContent_19130:::2025-10-16T10:28:37

European Stocks Rebound

European stocks made gains on Thursday, bouncing back from a subdued start. Both the STOXX 50 and STOXX 600 indices rose by nearly 0.4%, building on the previous day's advances as investors turned their attention to a fresh series of corporate earnings reports. Nestlé saw a significant increase of 8.5% in its stock after announcing a 3.3% growth in organic sales for the first nine months of 2025, along with plans to reduce its workforce by 16,000. Sartorius experienced a 10% boost following an upward revision of its guidance, while Pernod Ricard rose by 2.1% despite reporting a 7.6% drop in organic sales. ABB Group nudged up by 0.3%, recovering from early setbacks after its earnings initially failed to meet market expectations. Investor confidence was further bolstered by Taiwan Semiconductor Manufacturing's revised upward revenue-growth target. Conversely, Whitbread's shares fell by 9% following a decline in both revenue and profit. Concurrently, market participants were keeping a close eye on France's political scene, as Prime Minister Lecornu successfully survived two anticipated no-confidence votes.

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