European Stocks Recover in Afternoon Trading

2026-06-08 15:48 By Andre Joaquim 1 min. read

European stocks pared early losses to close slightly higher on Monday, benefiting from the momentary de-escalation in the Middle East following fresh strikes over the weekend.

The Euro STOXX 50 gained 0.3% to 6,080 and the STOXX Europe 600 edged above the flatline at 622.

Iran stated it ended its military operations in Israel and Tel Aviv responded by pausing attacks against Iran for the moment, reinstating the ongoing talks between Tehran and the US to an extended ceasefire.

Industrials and consumer cyclicals rebounded as sovereign yields in Europe edged lower, with Hermes, Ferrari, and Schneider adding between 1% and 2%.

Also, ASML surged over 4%, tracking the rebound in the chip sector in the US on bullish signals from Nvidia CEO Huang.

On the other hand, Italian banks closed sharply lower on fresh uncertainty over the sector's M&A activity.

Intesa Sanpaolo dropped 2% after launching an offer for Banca MPS with BPER Banca, shortly after the merger proposition for MPS by Banco BPM.



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European Stocks Recover in Afternoon Trading
European stocks pared early losses to close slightly higher on Monday, benefiting from the momentary de-escalation in the Middle East following fresh strikes over the weekend. The Euro STOXX 50 gained 0.3% to 6,080 and the STOXX Europe 600 edged above the flatline at 622. Iran stated it ended its military operations in Israel and Tel Aviv responded by pausing attacks against Iran for the moment, reinstating the ongoing talks between Tehran and the US to an extended ceasefire. Industrials and consumer cyclicals rebounded as sovereign yields in Europe edged lower, with Hermes, Ferrari, and Schneider adding between 1% and 2%. Also, ASML surged over 4%, tracking the rebound in the chip sector in the US on bullish signals from Nvidia CEO Huang. On the other hand, Italian banks closed sharply lower on fresh uncertainty over the sector's M&A activity. Intesa Sanpaolo dropped 2% after launching an offer for Banca MPS with BPER Banca, shortly after the merger proposition for MPS by Banco BPM.
2026-06-08
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European stocks started the week on a weaker footing, with the STOXX 50 falling 1% and the STOXX 600 losing 0.8%, as investors returned from the weekend to renewed geopolitical tensions in the Middle East and a sharp rise in oil prices. Iran and Israel exchanged fresh strikes, undermining an already fragile ceasefire and raising concerns that efforts to end the conflict may be stalling. The broad-based selloff weighed on most sectors, while energy stocks outperformed as crude oil prices surged nearly 4%. Additionally, concerns that the AI-driven market rally may have become overstretched continued to weigh on investor sentiment. ASML Holding fell 1.8%, SAP declined 1.3%, and Prosus lost 1%. Other notable laggards included Safran (-2.6%), Siemens (-2.0%), and Hermes (-1.9%). Meanwhile, Intesa Sanpaolo tumbled about 4% after announcing a €30.6 billion unsolicited cash-and-share bid for Banca Monte dei Paschi di Siena, whose shares surged nearly 10% on the news.
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European Stocks Head for Lower Open
European equity markets were were set to open sharply lower on Monday as renewed tensions in the Middle East and growing expectations of higher interest rates dampened investor sentiment. Iran and Israel exchanged missile strikes despite President Donald Trump's calls for both sides to end the hostilities and return to peace negotiations. The escalation pushed oil prices higher, intensifying inflation concerns and clouding the global economic outlook. Meanwhile, global equity markets also faced pressure from rising Treasury yields after stronger-than-expected US jobs data reinforced expectations that the Federal Reserve could raise interest rates later this year. In Europe, investors will turn their attention to German factory orders data, while the corporate earnings calendar remains relatively quiet. In premarket trading, Euro Stoxx 50 futures were down 1.5%, while Stoxx 600 futures lost 1.3%.
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