European Stocks Hit New Record Levels

2026-08-11 07:28 By Joana Taborda 1 min. read

European stocks were slightly higher on Tuesday, with the STOXX 50 rising 0.2% and the STOXX 600 gaining 0.1% to reach fresh record levels.

Strong corporate earnings have been supporting investor confidence, while another rise in oil prices amid mounting uncertainty over a U.S.-Iran deal has tempered the positive mood.

Technology stocks, meanwhile, remained well supported following news that Intel raised $20 billion through an upsized share sale, while Nvidia announced plans to secure $500 billion in financing for AI infrastructure.

Among major technology stocks, ASML Holding rose 0.9%, SAP gained 0.8%, Infineon Technologies added 0.1%, and Schneider Electric advanced 0.2%.

The energy sector also traded higher, benefiting from elevated oil prices.

TotalEnergies climbed 1.3%, Shell rose 1%, BP gained 1.5%, and Eni advanced 2%.

Travel and leisure stocks, meanwhile, traded lower amid concerns over rising fuel costs, with Airbus shares down 1.3%.



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European Stocks Hit New Record Levels
European stocks were slightly higher on Tuesday, with the STOXX 50 rising 0.2% and the STOXX 600 gaining 0.1% to reach fresh record levels. Strong corporate earnings have been supporting investor confidence, while another rise in oil prices amid mounting uncertainty over a U.S.-Iran deal has tempered the positive mood. Technology stocks, meanwhile, remained well supported following news that Intel raised $20 billion through an upsized share sale, while Nvidia announced plans to secure $500 billion in financing for AI infrastructure. Among major technology stocks, ASML Holding rose 0.9%, SAP gained 0.8%, Infineon Technologies added 0.1%, and Schneider Electric advanced 0.2%. The energy sector also traded higher, benefiting from elevated oil prices. TotalEnergies climbed 1.3%, Shell rose 1%, BP gained 1.5%, and Eni advanced 2%. Travel and leisure stocks, meanwhile, traded lower amid concerns over rising fuel costs, with Airbus shares down 1.3%.
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European stocks closed slightly higher at new records on Monday with broad support from most major sectors. The Euro STOXX 50 added 0.3% to 6,540 and the STOXX Europe 600 inched higher to 661, both at record highs. Markets looked past a rebound in sovereign yields as uncertainty on the restart of energy exports from the Middle East maintained inflationary risks. TotalEnergies and ENI rose 2% and 1.5%, respectively, amid the slight rebound for fuel and natural gas prices. Tech stocks also rose, tracking the support from US counterparts on positive signals for cloud services. SAP, ASML, and Infineon rose around 1%. Also, the heavyweight financial sector also closed slightly higher, with Allianz and Deutsche Bank adding more than 1%.
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