Live Markets: STOXX near peaks as AI trade rolls on

Siemens Energy AG

30/06/2026 09:07

Adds blog post
STOXX 600 up 0.6%
Miners, tech lead gainers
Wall St futures inch higher
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STOXX NEAR PEAKS AS AI TRADE ROLLS ON
European shares got off to a firmer start on Tuesday, helped by gains in miners .SXPP and as optimism over the AI trade drove broad gains across chip stocks.
The STOXX 600 .STOXX rose 0.6%, extending its quarter-to-date gain to 9.7% and putting it on track for its strongest quarterly performance since Q4 2020, while keeping the pan-European index near record highs.
The euro zone's blue-chip Euro STOXX 50 .STOXX50E hit a record high, rising 0.7%, underpinned by gains of 3%-5% in Siemens Energy ENR1n.DE and ASML ASML.AS.
There were pockets of weakness, however, with software stocks and other perceived AI losers coming under pressure.
Among them, customer services firm Teleperformance TEPRF.PA fell 11% after U.S. peer Concentrix CNXC.O cut its profit forecast, citing growing financial pressure on clients.
SAP SAPG.DE, Europe's No.1 software company, slipped 1%.
AbivaxABVX.PA soared about 30%, boosting healthcare .SXDP after the French drugmaker addressed safety concerns over its experimental ulcerative colitis treatment obefazimod.
Strength in miners drove London's FTSE 100 .FTSE up 0.4%, as copper prices rose.
     
(Danilo Masoni)
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EARLIER ON LIVE MARKETS:
BEFORE THE BELL: EUROPE EYES BEST QUARTER SINCE 2022 CLICK HERE
INVESTORS GO SHOPPING FOR Q3 CLICK HERE