Banks lead Europe higher
XLF•European shares rose in early trading, with the STOXX 600 up 0.7% and banks gaining 2.8%. Renewable stocks also rose, while defence shares fell.
XLF•XLF•XLF•European shares rose in early trading, with the STOXX 600 up 0.7% and banks gaining 2.8%. Renewable stocks also rose, while defence shares fell.
European shares rose in early trading as investors continued to process the U.S. midterm election results. The STOXX 600 was last up 0.7%, led by banks, which gained 2.8%; a drop in oil prices around the open also helped lift stocks.
Renewable stocks rose, with Denmark's Oersted up 7.5%. Defence shares underperformed: BAE Systems fell 5.7%, while Thales and Saab each declined more than 3%. Novo Nordisk gained 4% after results beat expectations and it raised its full-year forecasts; its shares were down around 70% from their 2024 peak.
