European Stocks Close at Records

2026-06-30 15:59 By Andre Joaquim 1 min. read

European stock indices closed at record highs on Tuesday after evidence of softer inflation supported an outlook of lower interest rates for the corporate sector.

The Euro STOXX 50 gained 1.5% to 6,326 and the STOXX 50 added 0.9% to 642, both at record-high closes.

Preliminary inflation prints were lower than expected in Germany, France, and Italy in June to build expectations that the inflationary surge from the war in the Middle East has topped.

Rate traders piled on positions that reflected no more rate hikes by the ECB this year, lowering sovereign yields and supporting the outlook for credit activity.

UniCredit, BNP Paribas, and ING jumped close to 2%.

Meanwhile, Siemens and Siemens Energy surged 4.4% and 5.4%, respectively, on improved data center outlooks submitted by brokers.

On top of that, the rally for global chip producers was extended, lifting ASML by 7%.

Outside the STOXX 50, Abivax surged 40% on optimistic signs in its obefazimod drug study.



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European Stocks Close at Records
European stock indices closed at record highs on Tuesday after evidence of softer inflation supported an outlook of lower interest rates for the corporate sector. The Euro STOXX 50 gained 1.5% to 6,326 and the STOXX 50 added 0.9% to 642, both at record-high closes. Preliminary inflation prints were lower than expected in Germany, France, and Italy in June to build expectations that the inflationary surge from the war in the Middle East has topped. Rate traders piled on positions that reflected no more rate hikes by the ECB this year, lowering sovereign yields and supporting the outlook for credit activity. UniCredit, BNP Paribas, and ING jumped close to 2%. Meanwhile, Siemens and Siemens Energy surged 4.4% and 5.4%, respectively, on improved data center outlooks submitted by brokers. On top of that, the rally for global chip producers was extended, lifting ASML by 7%. Outside the STOXX 50, Abivax surged 40% on optimistic signs in its obefazimod drug study.
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