European Stocks Rise
2026-02-06 11:48
By
Joana Taborda
1 min. read
European equities rebounded on Friday, with the STOXX 50 climbing 0.7% and the STOXX 600 rising 0.4%, after a lacklustre start to the session.
The recovery came as concerns over AI-related disruption and lofty valuations appeared to ease, while investors continued to assess a fresh round of corporate updates.
Gains were led by industrial and technology names, with ASML Holding up 1.3%, Siemens adding 1.8%, and Rheinmetall surging 4.3%.
Novo Nordisk jumped more than 5% after the US FDA threatened action against illegal copycat drugs.
Vinci soared over 8% after reporting higher revenues while Orsted advanced 1.7% following a 9.8% annual increase in revenues.
On the downside, Stellantis plunged 27% after warning it expects to take a €22 billion hit from restructuring its business to accelerate the rollout of electric and hybrid vehicles.
Societe Generale fell 3.8% after its results disappointed.
For the week so far, the STOXX 50 is down 0.3%, while the broader STOXX 600 has edged up 0.1%.