European Stocks Extend Gains
2025-11-25 14:10
By
Joana Ferreira
1 min. read
European stocks held its afternoon rebound to close higher on Tuesday, with the STOXX 50 and the broader STOXX 600 rising 0.9%, as weaker-than-expected US economic data bolstered expectations of a Federal Reserve rate cut next month.
US retail sales increased just 0.2% versus forecasts for a 0.4% gain, while ADP data showed job losses accelerating in the four weeks to November 8.
Bank stocks led the advance, with Société Générale, UniCredit, Banco Santander, BNP Paribas and BBVA all climbing more than 2%.
On the downside, RWE (-1.8%) and SAP (-1.3%) were among the session’s weakest performers.
Beazley slumped nearly 10%, the largest drop on the STOXX 600, after trimming its written premium outlook.
Conversely, ABN AMRO gained 6.4% after unveiling plans to cut 5,200 jobs by 2028 to streamline operations and reduce costs.
Kingfisher also impressed, jumping 6% after lifting its full-year profit forecast and ranking among the top performers on the STOXX 600.