European Stocks Extend Gains

2026-05-14 07:38 By Joana Taborda 1 min. read

European stocks edged higher on Thursday, with both the STOXX 50 and the STOXX 600 gaining 0.3% and extending the previous session’s gains, as investors digested political developments and a fresh wave of corporate earnings.

Market attention centred on the two-day summit between US President Trump and Chinese President Xi, where discussions are expected to cover Taiwan, Iran and AI.

In the UK, pressure continued to mount on Prime Minister Starmer amid growing calls for his resignation.

Meanwhile, enthusiasm around AI remained strong after Cisco delivered a stronger-than-expected sales outlook.

ASML Holding (0.8%), Novartis (0.8%), AstraZeneca (0.7%), SAP (0.9%) booked gains and Siemens was up almost 3% as the company said it plans to acquire several core business units from Mermec Group.

Telefonica also soared more than 5% after beating a profit forecast.

On the other hand, 3i tumble almost 19% to bottom the STOXX 600 after warning that sales growth at Action had slowed sharply.



News Stream
European Stocks Extend Gains
European stocks edged higher on Thursday, with both the STOXX 50 and the STOXX 600 gaining 0.3% and extending the previous session’s gains, as investors digested political developments and a fresh wave of corporate earnings. Market attention centred on the two-day summit between US President Trump and Chinese President Xi, where discussions are expected to cover Taiwan, Iran and AI. In the UK, pressure continued to mount on Prime Minister Starmer amid growing calls for his resignation. Meanwhile, enthusiasm around AI remained strong after Cisco delivered a stronger-than-expected sales outlook. ASML Holding (0.8%), Novartis (0.8%), AstraZeneca (0.7%), SAP (0.9%) booked gains and Siemens was up almost 3% as the company said it plans to acquire several core business units from Mermec Group. Telefonica also soared more than 5% after beating a profit forecast. On the other hand, 3i tumble almost 19% to bottom the STOXX 600 after warning that sales growth at Action had slowed sharply.
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