European Stocks Close at Records

2026-06-22 16:08 By Andre Joaquim 1 min. read

European stocks closed firmly higher at new records on Monday amid support from lower energy prices.

The Euro STOXX 50 added 0.4% to 6,320 and the STOXX Europe 600 jumped by 0.7% to 640, both at their record highs.

Iran stated that it made progress in the start of talks with the US over a permanent peace deal shortly after both parties signed their memorandum of understanding, supporting the likelihood that energy prices are due to stay lower and soften pro-inflationary risks.

Banks led the gains as sovereign yields in the Eurozone pulled back, aiding the outlook for credit activity with Santander, BBVA, and Nordea rising around 2%.

Meanwhile, Infineon jumped 5% to track another strong session for companies in the AI infrastructure space as hyperscalers continue to raise cash for capital expenditures.

On the other hand, LVMH and Hermes lost 3.6% and 6%, respectively, amid the muted guidance for Moncler and sector downgrades by major brokers recently.



News Stream
European Stocks Close at Records
European stocks closed firmly higher at new records on Monday amid support from lower energy prices. The Euro STOXX 50 added 0.4% to 6,320 and the STOXX Europe 600 jumped by 0.7% to 640, both at their record highs. Iran stated that it made progress in the start of talks with the US over a permanent peace deal shortly after both parties signed their memorandum of understanding, supporting the likelihood that energy prices are due to stay lower and soften pro-inflationary risks. Banks led the gains as sovereign yields in the Eurozone pulled back, aiding the outlook for credit activity with Santander, BBVA, and Nordea rising around 2%. Meanwhile, Infineon jumped 5% to track another strong session for companies in the AI infrastructure space as hyperscalers continue to raise cash for capital expenditures. On the other hand, LVMH and Hermes lost 3.6% and 6%, respectively, amid the muted guidance for Moncler and sector downgrades by major brokers recently.
2026-06-22
European Stocks Move Lower
Stocks in Europe moved into negative territory on Monday, reversing small early session gains, with the STOXX 50 trading around the flatline and the STOXX 600 slipping 0.2% as investors assessed developments in the Middle East and the UK. British Prime Minister Keir Starmer announced his resignation as expected, opening the possibility for Greater Manchester Mayor Andy Burnham, who was elected to Parliament last week, to succeed him. Meanwhile, the US and Iran agreed on a roadmap aimed at reaching a final peace agreement within 60 days, despite renewed tensions and threats over the weekend. Oil prices were lower, with Brent crude falling below $80 per barrel. The luxury sector was among the weakest performers, with LVMH (-1.6%), Hermès (-4.6%) and L’Oréal (-1%) all under pressure. By contrast, technology stocks outperformed, with ASML Holding (+1.3%), STMicroelectronics (+2%) and Infineon Technologies (+4.9%) advancing, although SAP fell 2.1%.
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European Stocks Cautiously Higher
Stocks in Europe were cautiously higher at the start of the week, with the STOXX 50 gaining 0.3% while the STOXX 600 hovered around the flatline, as investors assessed developments in the Middle East and the possibility of a political leadership change in the UK. The US and Iran agreed on a roadmap aimed at reaching a final peace agreement within 60 days, despite renewed tensions and threats over the weekend. The prospect of de-escalation helped ease concerns over energy supplies, pushing oil prices lower, with Brent crude falling below $80 per barrel. ASML Holding (1.5%), Infineon (4.4%), STMicroelectronics (2.2%) were among the top performers, alongside ASML Holding (1.5%), Rheinmetall (1.4%), Repsol (1.2%), RWE (1.3%) and Lufthansa (1%). Meanwhile, Volkswagen (-1.9%), Moncler (-1.9%), and Mercedes-Benz (-1.2%) were among the worst performers on the index.
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