European Stocks Extend Gains
2025-11-11 12:43
By
Joana Ferreira
1 min. read
European stocks rose for a second straight session on Tuesday, rebounding from three-week lows hit last week amid growing optimism that the US government shutdown may soon end.
The STOXX 50 gained 0.5% to 5,690 points, while the broader STOXX 600 climbed 0.7% to 577 points.
The Republican-controlled House is set to vote on a spending package approved by the Senate on Monday, potentially ending the record 41-day US government shutdown as soon as Wednesday.
The bill would fund most government operations through January 30 and some agencies through September 30, with Speaker Mike Johnson saying he expects swift passage.
Among individual stocks, LVMH rose 1.9% after Bloomberg reported plans to open major new stores in China in December and explore further expansion there, while Vodafone jumped over 5% after upgrading its full-year earnings and cash flow forecast.
Other notable gainers included Adidas (+2.6%), Nokia (+1.8%), Telefonica (+1.8%), and Linde (+1.7%).