European Stocks Higher on Thursday

2026-06-04 07:52 By Joana Taborda 1 min. read

European stocks traded higher on Thursday, with the STOXX 50 rising 0.5% and the STOXX 600 gaining 0.4%, supported by a slight decline in oil prices and improved hopes for a broader agreement with Iran.

Sentiment was lifted after the US said Israel and Lebanon had agreed to a ceasefire, contingent on Hezbollah also ceasing hostilities.

LVMH (+2.0%), L’Oréal (+1.5%), Hermès (+1.9%) and SAP (+3.6%) all moved higher.

B&M European Value (6.5%) extended gains for a second session to top the STOXX 600 while Puma (5.9%) and Capgemini (5.4%) were also among the top performers.

Meanwhile, global technology and AI-related stocks came under pressure following a weaker outlook from Broadcom.

ASML slipped 0.2%, while Infineon declined 2.8% and STMicroelectronics slumped 3.5%.

Vivendi sank more than 5%, as Europe's second-highest court on Wednesday ?ruled against the company in ?its fight against EU charges for closing ?its 2023 acquisition ?of publisher Lagardere before regulatory approval.



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European Stocks Higher on Thursday
European stocks traded higher on Thursday, with the STOXX 50 rising 0.5% and the STOXX 600 gaining 0.4%, supported by a slight decline in oil prices and improved hopes for a broader agreement with Iran. Sentiment was lifted after the US said Israel and Lebanon had agreed to a ceasefire, contingent on Hezbollah also ceasing hostilities. LVMH (+2.0%), L’Oréal (+1.5%), Hermès (+1.9%) and SAP (+3.6%) all moved higher. B&M European Value (6.5%) extended gains for a second session to top the STOXX 600 while Puma (5.9%) and Capgemini (5.4%) were also among the top performers. Meanwhile, global technology and AI-related stocks came under pressure following a weaker outlook from Broadcom. ASML slipped 0.2%, while Infineon declined 2.8% and STMicroelectronics slumped 3.5%. Vivendi sank more than 5%, as Europe's second-highest court on Wednesday ?ruled against the company in ?its fight against EU charges for closing ?its 2023 acquisition ?of publisher Lagardere before regulatory approval.
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