European Stocks Inch Higher

2026-09-22 15:58 By Andre Joaquim 1 min. read

European stocks closed slightly higher on Tuesday, extending the sharp gains from the previous session with support from the tech sector and consumer staple companies.

The Euro STOXX 50 rose 0.2% to 6,332 and the STOXX Europe 600 added 0.3% to 643.6.

Companies in the AI space rose sharply, tracking similar movements in North America after positive reviews on Meta's Muse AI agent reignited long positions on electronic commerce and AI infrastructure.

ASML, Infineon, and Siemens Energy gained up to 2.5% to set the pace on the hardware side, while Prosus jumped 4.6% on bullish applications sentiment.

Further, Inditex added 3% on recommendation upgrades from brokers.

In turn, banks and insurers pared yesterday's gains as sovereign yields in the Eurozone rebounded, tracking the afternoon increase in natural gas prices following escalatory rhetoric from US President Trump regarding Tehran.

Allianz fell 3.4%, AXA dropped 2%, and ING and Deutsche Bank fell 1.5%.



News Stream
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