European Markets Close Higher on Easing Geopolitical and Rate Concerns

Macro
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Summary · why it matters

European stocks closed firmly higher on Friday as concerns over Middle East tensions eased and a smaller-than-expected rise in U.S. non-farm payrolls fueled hopes the Federal Reserve will not tighten monetary policy soon. The pan-European Stoxx 600 gained 0.68%, while Germany's DAX hit a new all-time high, rising 0.78%, and France's CAC 40 climbed 0.39% to its best level since February 2026. The UK's FTSE 100 added 0.25% and Switzerland's SMI closed 0.5% higher. Among individual movers, ArcelorMittal surged nearly 6% in Paris, E.ON jumped almost 4.5% in Frankfurt, and Stellantis shed nearly 4% in Paris. Final PMI data showed the eurozone private sector stabilized in June with a composite output index of 50.0, while the UK composite PMI fell to 49.3, marking a second month of contraction.

Impact on stocks 3

Utilities▲ · 1 stocks
E.ON SE
EOAN
▲ PositiveDemandrelevance

E.ON jumped almost 4.5% in Frankfurt, benefiting from easing geopolitical and rate concerns.

Critical Materials & Supply Chain▲ · 1 stocks
ArcelorMittal SA
MT
▲ PositiveDemandrelevance

ArcelorMittal surged nearly 6% in Paris, driven by easing geopolitical tensions and rate hopes.

Electrification & Mobility▼ · 1 stocks
Stellantis NV
STLA
▼ NegativeDemandrelevance

Stellantis shed nearly 4% in Paris, likely due to weak demand or negative sector sentiment.

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