European Stocks Slip From Record Highs

2026-02-03 15:57 By Joana Ferreira 1 min. read

European bourses reversed early gains to trade lower Tuesday, after hitting record highs in the morning session, led by sharp declines in technology and media stocks.

The Stoxx 50 fell 0.2%, while the broader Stoxx 600 slipped 0.1%.

Tech shares tumbled as much as 4%, their largest one-day drop since April 2025, amid mounting investor fears over the disruptive impact of artificial intelligence.

Amadeus IT, SAP, and ASML Holding fell 6%, 5%, and 3%, respectively.

Media stocks dropped more than 5%, marking their steepest daily decline since March 2020, with Publicis plunging nearly 9% after the advertising company’s outlook failed to ease concerns over AI’s effect on its business.

Elsewhere, shares of Danish offshore wind giant Orsted slipped, despite a US court ruling allowing the company to resume its Sunrise Wind project off the coast of New York, while mining stocks were among the top performers as gold and silver rebounded from a historic two-day selloff.



News Stream
European Stocks Rise on ASML Earnings Boost
European stocks traded higher on Wednesday, recovering from losses in the previous session, with the STOXX 50 gaining 0.7% and the STOXX 600 rising 0.4%. Gains were led by the technology sector following upbeat results from ASML. The company's shares advanced 2.2% after it beat earnings and revenue expectations and issued a strong sales forecast for the fourth quarter. ASML also said that AI-driven demand for its chipmaking equipment was so strong that it would be unable to fully meet customer demand in 2027 or 2028, adding that it was exploring ways to expand capacity. Infineon Technologies rose 1.5% and STMicroelectronics gained 0.7%. Luxury stocks also performed well, with LVMH climbing 2.1%, Hermes adding 2.3% and Richemont advancing 1.6%. On the downside, Admiral tumbled 3.1%, making it one of the STOXX 600's worst performer, while Orsted fell 2.7% after Bloomberg reported that the US would reassess the permit for its Rhode Island offshore wind farm.
2026-10-14
European Stocks Set for a Flat Opening
European equity markets were poised to open little changed on Wednesday as investors assessed dovish signals from a Federal Reserve official while awaiting key US inflation data. New York Fed President John Williams indicated that one additional rate hike may be warranted this year, but further monetary tightening would likely be unnecessary in 2027. In Europe, attention will turn to German wholesale prices and Spanish consumer inflation figures, alongside further remarks from ECB President Christine Lagarde. On Tuesday, Lagarde noted that elevated euro-area inflation, driven by rising energy prices, had yet to spread to the broader economy. In corporate news, Dutch chipmaker ASML said it would be unable to fully meet demand over the next two years, raising further concerns about the sustainability of the AI investment boom. In premarket trading, Euro Stoxx 50 futures hovered around the flatline.
2026-10-14
European Stocks Close Lower
European stocks erased early gains and closed firmly lower on Tuesday amid sharp losses for the AI infrastructure sector and heavyweight industrials. The Euro STOXX 50 fell 0.6% to 6,170 and the STOXX Europe 600 eased 0.2% to 635. ASML slid 4.2% ahead of its earnings report this week, tracking sharp losses for chip producers across major Western economies after Chinese chipmaker CXMT said it achieved a breakthrough in its memory architecture that rivals Korean and US competitors. Meanwhile, LVMH closed slightly lower after its fashion and leather goods revenue fell 5% year-over-year in the third quarter due to slower sales in China. The developments prompted analysts and brokers to downgrade recommendations on Hermès, pushing the stock 2% lower. On the other hand, banks were mostly higher, with UniCredit and Nordea adding nearly 1%.
2026-10-13