European Stocks Trade in Positive Territory
2026-05-27 07:31
By
Joana Taborda
1 min. read
Both the STOXX 50 and the STOXX 600 rose 0.3% on Wednesday, partially recovering from the previous session’s losses, as investors continued to monitor developments in the Middle East and lingering hopes that the US and Iran could still reach an agreement to ease tensions and reopen the Strait of Hormuz, despite the recent strikes.
The automotive sector led gains across Europe, with shares of Volvo Cars jumping around 7% after the company secured approval from the US government to continue selling vehicles in the country.
Other major carmakers also advanced, including Renault (+3%), Mercedes-Benz (+2.1%), and Stellantis (+2.6%).
The chemical sector also moved higher, with Akzo Nobel leading the STOXX 600 and surging about 15% after the company rejected a joint cash takeover offer of €73 per share from rivals Nippon Paint and Sherwin-Williams.
On the other hand, energy stocks were lower, including RWE (-2.4%), Engie (-2.1%), Endesa (-2.2%) and TotalEnergies (-2.1%).