European Stocks Hover Near Records

2026-08-10 07:45 By Joana Taborda 1 min. read

European stocks opened the second week of August on a mixed-to-positive note, with the STOXX 50 edging 0.2% higher to set a new record, while the STOXX 600 traded around the flatline, remaining close to the record levels reached last week.

The indices gained 2.6% and 1.7%, respectively, in the previous week.

Investor sentiment remained cautious amid ongoing uncertainty in the Middle East, with markets awaiting further clarity on the prospects of a deal between the US and Iran.

The technology sector was among the top performers, with ASML Holding rising 1.5% and Infineon Technologies gaining 2.1%.

Luxury stocks also advanced, with LVMH up 1% and Hermes adding 0.4%.

On the downside, Vistry plunged more than 8% to the bottom of the STOXX 600 after the FT reported that Allianz Trade is reducing the credit cover it provides to Vistry’s suppliers.

The move could further intensify pressure on the cash flow of the struggling UK housebuilder.



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European Stocks Hover Near Records
European stocks opened the second week of August on a mixed-to-positive note, with the STOXX 50 edging 0.2% higher to set a new record, while the STOXX 600 traded around the flatline, remaining close to the record levels reached last week. The indices gained 2.6% and 1.7%, respectively, in the previous week. Investor sentiment remained cautious amid ongoing uncertainty in the Middle East, with markets awaiting further clarity on the prospects of a deal between the US and Iran. The technology sector was among the top performers, with ASML Holding rising 1.5% and Infineon Technologies gaining 2.1%. Luxury stocks also advanced, with LVMH up 1% and Hermes adding 0.4%. On the downside, Vistry plunged more than 8% to the bottom of the STOXX 600 after the FT reported that Allianz Trade is reducing the credit cover it provides to Vistry’s suppliers. The move could further intensify pressure on the cash flow of the struggling UK housebuilder.
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