Europe’s STOXX 600 Reaches Record High Amid Strong Corporate Earnings

Europe’s STOXX 600 benchmark index rose by 0.3% by 0820 GMT today, achieving a new record high. This follows a record close the previous day and a year-to-date gain of over 9%, closely mirroring the nearly 10% increase in the US S&P 500 index.

Investor optimism is high, driven by robust earnings reports from companies such as Experian and Commerzbank. Experian’s shares surged by 7.8% following a positive forecast for annual organic revenue growth. Simultaneously, Commerzbank’s shares increased by 4.3% after reporting its best quarterly profit in a decade, surpassing expectations. Additionally, InPost’s shares rose by 9.4% on higher first-quarter core earnings, making it a top performer in the industrial goods and services sector. Merck KGaA also experienced a 4.3% rise due to better-than-expected adjusted earnings, boosting the healthcare index.

Strong corporate earnings are propelling European stock markets to new heights. With 60.7% of STOXX 600 companies exceeding first-quarter earnings estimates, investor confidence is bolstered. This outperformance surpasses the typical quarterly beat rate of 54%, indicating robust corporate health. However, not all companies are flourishing; renewable energy group Neste and meal-kit company HelloFresh experienced significant declines due to outlook downgrades and ratings cuts.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity European Trust

More articles like this

Fidelity European Trust

European markets open strong as optimism rises

European stocks started the week with gains, driven by positive global market sentiment. In early trading, Germany’s DAX climbed by 0.7%, France’s CAC 40 saw a rise of 0.8%, and the UK’s FTSE 100 gained 0.4%.

Fidelity European Trust

Building a strong data economy for Europe’s future

The European Union is determined to establish a robust data economy as a foundation for its global competitiveness and digital independence. In the automotive industry, data is already transforming technologies, with innovations such as real-time traffic

Fidelity European Trust

European stocks begin the week with gains

European stocks rose on Monday, with the pan-European Stoxx 600 index up 1.2% by mid-morning in London. All sectors were in positive territory, led by construction and materials stocks, which gained over 2%. This upturn followed

Fidelity European Trust

Election week boosts European markets

European markets opened the week on a positive note, climbing on Monday after a slow start. Investors are keeping a close watch on the U.S. presidential election scheduled for Tuesday, with significant implications for markets across

Fidelity European Trust

European stocks hold steady amid improved market sentiment

European stocks remained largely unchanged as easing tensions in the Middle East brought some optimism, though declining oil prices exerted pressure on the energy sector. By mid-morning in London, the Stoxx Europe 600 Index had flattened

Fidelity European Trust

European stock market and the economic outlook

The European stock market has shown resilience despite global economic challenges in recent years. It continues to be a key focus for investors due to the region’s established financial infrastructure and the strength of its major

Fidelity European Trust

Eurozone retail sales show modest growth in August

Retail sales in the eurozone experienced a modest increase in August, showing a recovery after a stagnant performance in July. According to recent data from Eurostat, retail trade volumes in the euro area grew by 0.2%

Fidelity European Trust

European stocks climb amid global market struggles

European stocks saw an increase on Monday, defying the negative trends observed in both Wall Street and Asia-Pacific markets. By mid-morning in London, the pan-European Stoxx 600 index had risen by 0.57%, with most sectors and

Fidelity European Trust

A growing number of European businesses embrace AI

Over the past year, the adoption of AI by European businesses has grown by 32%, and this trend, if sustained, could add €600 billion in gross value added (GVA) to the European economy by 2030. This