• Mon, Apr 27, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

19 August 2025 23:36  |

European Stocks Close at 5-Month Highs

European stocks closed sharply higher on Tuesday, their highest since March, amid optimism on steps taken to end the war between Russia and Ukraine. The Eurozone's STOXX 50 added 0.9% to 5,486 and the pan-European STOXX 600 rose 0.7% to 558. European leaders met with US and Ukraine Presidents Trump and Zelensky in Washington DC yesterday and signaled they would provide security guarantees to Ukraine if it proceeds to end the war.

Consumer discretionary companies, which are commonly impacted by risk sentiment, led the gains with LVMH and Kering each jumping 3%, while Stellantis and Mercedes Benz added 3.2% and 2.7% to set the pace for auto producers. On the broader index, Mediobanca advanced after gaining approval to acquire Banca Generali, which would create Italy's third-largest lender and prevent Banca MPS from acquiring the former. In turn, defense companies fell on the peace optimism, with Rheinmetall, BAE Systems, and Thales dropping over 4%.

Source: Trading Economi

Related News

MARKET UPDATE

Asian Markets Tend to Be Cautious Following US Data Release...

Asian stock markets opened without a clear direction on Wednesday (August 6th), after weak US services sector data fueled unc...

6 August 2025 07:48
MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Drop as Trump’s Tariff Deadline Nears

Asian shares slumped at the open as White House pushing ahead with sweeping tariffs on trading partners including a 104% le...

9 April 2025 07:25
MARKET UPDATE

Asian Stocks Fluctuate on Hints of Tariff Relief

Stocks remained volatile in Asia after U.S. Commerce Secretary Howard Lutnick suggested the Trump administration may lift som...

5 March 2025 07:32
BIAS23.com BIAS23.com NM23 Ai