European Stocks Rebound
2026-09-11 16:19
By
Andre Joaquim
1 min. read
European stocks closed higher on Friday as energy prices eased off their peaks and halted the surge in long-term sovereign yields.
The Euro STOXX 50 gained 0.8% to 6,323 and the STOXX Europe 600 added 0.5% to 639.1.
GCC officials announced new efforts to meet with Iranian counterparts next week and discuss possibilities of corridors for tankers in the Persian Gulf.
Banks and industrial surged as the pullback in energy prices and borrowing costs softened the tightening margins in their respective sectors.
Santander, BBVA, and UniCredit jumped nearly 2% each, while Siemens and Safra added 2.5%.
Meanwhile, Intesa Sanpaolo rose 2.6% as Rome stated it would refrain from interfering in the lender's takeover bid for Banca MPS.
Tech stocks also advanced, with Infineon surging 5% Still, the STOXX 50 fell 1% and the STOXX 600 dropped 1.6% on the week on broader concerns of macro headwinds from higher energy prices and rates.
The ECB hiked its rates yesterday, and markets price more tightening.