STOXX 600 Index closes at nearly four-month high as markets put tariff fears aside

European stocks closed higher on Wednesday, led by the industrial and technology sectors, with markets appearing unfazed by jitters over tariffs spurred by recent statements by US President Donald Trump.

The pan-European STOXX 600 index closed 0.39% higher at 528.04 points, its highest level since September 2024. It reached a new high during the session.

Technology stocks led the rally, rising 1.3%, with Wall Street tech stocks rising after strong earnings.

Adidas shares jumped 6% after the German sportswear brand reported better-than-expected preliminary fourth-quarter results, with strong sales and profitability for the important holiday shopping period.

Germany’s benchmark index outperformed its regional peers and closed at a record high.

Global stocks got a boost as corporate earnings took center stage. Netflix surprised investors by hitting an all-time high following its earnings report, which improved market sentiment.

Despite Trump’s promises to impose new tariffs on the European Union and his threats to impose 10% tariffs on Chinese goods by February 1, markets remained resilient.

IN LONDON the Financial Times index had a negative variation of 0.04%, to 8,545.13 points.

IN FRANKFURT the DAX index rose by 1.01%, to 21,254.27 points.

IN PARIS, the CAC-40 index gained 0.86%, to 7,837.40 points.

IN MILAN the Ftse/Mib index collapses by 0.57%, to 35,854.07 points.

In MADRID, the Ibex-35 index recorded a decline of 0.37%, to 11,882.70 points.

IN LISBON, the PSI20 index depreciated by 0.96%, to 6,505.51 points.

Source: Terra

Rose

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