European Stocks Close at Records

2026-07-03 15:36 By Andre Joaquim 1 min. read

European stocks rose to new records on Friday amid an improving macroeconomic backdrop for equities and a bounce for companies with exposure to the speculative AI trade.

The Euro STOXX 50 closed 0.9% higher at 6,417 and the STOXX Europe 600 rose 0.7% to 653.

A session of thinner trading due to the holiday in the US put the spotlight on the tech sector, trimming its losses from a volatile week as investors reconsidered risks that chip producers and AI hyperscalers are overbought.

ASML rose 3.7%, tracking Asian counterparts, and Infineon gained 1.2%.

Meanwhile, companies with participation in data center operation gained with Siemens adding 2.5%and Schneider gaining 1.5%, while utilities Iberdrola and Enel rose 1.5%.

While sovereign yields remained higher in the long end, lower yields for shorter maturities supported banks with BBVA and Deutsche Bank adding 1%.

Gains consolidated as a soft jobs report in the US and inflation report in the Eurozone trimmed rate cut bets by central banks.



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