FX.co ★ European Stocks Hit New Highs

On Wednesday, European stock markets experienced gains, with the STOXX 50 increasing by 0.6% and the STOXX 600 up by 0.4%. This marks a continuation of the positive momentum from the previous two sessions, setting new record highs. Market sentiment was boosted by optimism surrounding a potential reopening of the US government and increasing expectations of further interest rate reductions by the Federal Reserve. Investors continued to closely watch corporate developments. Infineon Technologies saw its shares rise by 2.2% following a forecast for a return to revenue growth by the 2026 fiscal year. RWE's shares increased by 3.5% after the company reported profits that exceeded expectations for the first nine months. Bayer also experienced a 1.7% rise due to posting profits that surpassed projections. Additionally, LVMH's stock climbed to €639.40, marking its highest point since March 2025, while Intesa Sanpaolo's shares reached a record high of €5.91. Conversely, E.ON's stock fell by 1.5%, despite the company reaffirming its 2025 outlook.