European Stocks Gain for 3rd Session

2025-12-04 08:36 By Joana Taborda 1 min. read

Stocks in Europe traded higher on Thursday, with both the STOXX 50 and the STOXX 600 rising 0.3%, extending gains from the previous two sessions and reflecting a more positive tone across global markets.

Weak US labour-market data strengthened expectations that the Federal Reserve will deliver another 25 bps rate cut next week, further lifting investor sentiment.

Traders are also monitoring developments in the Ukraine peace talks, with the US special envoy set to meet top Ukrainian negotiator in Florida today.

STMicroelectronics surged more than 4% to top the STOXX 600, while ASML gained 1.1%, as chip and tech stocks benefited from news that Chinese Cambricon Technologies plans to more than triple AI-chip production in 2026.

Siemens added 1.6% and Schneider Electric rose 3% after an upgrade from JP Morgan.

Mercedes-Benz was up 3% and Renault rose 3.5% following an upgrade from BofA.

Societe Generale rose 2.8% and Commerzbank gained 2% after an upgrade from Goldman Sachs.



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