European Stocks Hold Gains
2026-01-30 17:16
By
Andre Joaquim
1 min. read
European stocks closed sharply higher on the final trading day of January amid evidence of traction in the Eurozone's growth.
The STOXX 50 added 0.8% to 5,940 and the STOXX 600 gained 0.5% to 610.
Fresh data showed that the Eurozone's GDP expanded by 0.3% in the final quarter of the year, more than expected, to reflect some traction in the currency bloc's economy at the turn of the year despite the uncertainty and trade war threats in recent quarters.
Banks and tech shares rebounded after the pressure in recent sessions, with Deutsche Bank, Intesa Sanpaolo, ASML, and SAP adding between 2% an 4%.
Meanwhile, Adidas shares jumped 4% after the company reported a 13% increase in 2025 revenues, reaching a record high.
In contrast, mining stocks lagged, with Anglo American down 2.7%, Glencore falling 2.7% and Rio Tinto slipping 2.5% as markets reconsidered their speculative positions on industrial metals.