FX.co ★ European Stocks Gains for 3rd Day

European equities continued their upward trajectory for a third straight session on Wednesday. Notably, the STOXX 50 increased by 0.4% while the STOXX 600 rose by 0.2%, driven by the ongoing influence of corporate earnings on investor sentiment. Siemens Energy saw a surge of 1.8% due to an unprecedented quarterly order intake. Fresenius experienced a modest uptick of 0.2% after revising its revenue projections upward. Similarly, Zalando's stock rose by 1.7% after the company improved its full-year guidance. Meanwhile, Banco BPM's shares appreciated by 1.4% after surpassing net profit forecasts. Conversely, Novo Nordisk's shares remained mostly unchanged, despite an increase in operating profit that did not meet expectations. Glencore faced a significant decline of 3.7% following a report of a 14% dip in first-half profits. Commerzbank's shares also fell by 1% due to a profit decrease, although the bank optimisticly adjusted its full-year outlook upward. Additionally, investors continue to pay close attention to developments in trade policy, particularly in light of U.S. President Trump's indication of potential new tariffs on semiconductors and chips, anticipated to be announced as soon as next week.