European Shares Rise Sharply
The STOXX 50 climbed 1.4% and the STOXX 600 advanced 1.0% to close higher on Thursday, led by strong gains in the travel & leisure and pharmaceutical sectors. Market sentiment was supported by robust corporate earnings and renewed hopes for a resolution to the Ukraine–Russia conflict.
In trade news, President Trump announced plans to impose a 100% tariff on imported semiconductors and chips—excluding companies that are “building in the US". On the corporate front, Novo Nordisk shares surged 6.7%, boosted by disappointing trial results from rival Eli Lilly's weight-loss pill. Maersk rallied 5.1% after the Danish shipping group posted stronger-than-expected second-quarter operating profit.
Allianz gained 4.1% following an earnings beat, Siemens rebounded over 4%, and Henkel rose 3.4% after lifting its profit forecast. On the downside, Deutsche Telekom dropped 4.9% after disappointing results, and Rheinmetall fell more than 6% after narrowly missing its sales expectations.
Source : Trading Economics