European Stocks Close Mixed
2026-07-15 16:09
By
Andre Joaquim
1 min. read
European stock indices closed mixed on Wednesday amid an uncertain macroeconomic backdrop as markets parsed key earnings reports.
The Euro STOXX 50 inched lower by 0.2% to 6,267 and the STOXX Europe 600 rose 0.2% to 643.
ASML raised its guidance for the near future and announced plans to expand production capacity following better-than-expected second-quarter results, driven by strong demand for chip producers.
Still, another session of sharp losses for semiconductor manufacturers drove the stock to close flat, despite a 7% increase in morning deals.
Meanwhile, luxury brands rose sharply after Richemont posted strong results, lifting their shares by 6%.
LVMH and Hermes gained around 2.5% each.
On the other hand, banks fell as sovereign yields increased, denting the outlook for credit.
Energy prices remained elevated as strikes between the US and Iran escalated, denting hopes of natural gas and fuel exports from the Middle East.