16.10.202510:28:37UTC+00European Stocks Rebound

European stocks rose on Thursday, rebounding from a subdued start. Both the STOXX 50 and STOXX 600 saw gains of nearly 0.4%, continuing the momentum from the day before, as investors paid close attention to a fresh wave of corporate earnings. Nestlé's shares jumped 8.5% following a report of 3.3% organic sales growth for the first nine months of 2025, alongside an announcement of plans to cut 16,000 jobs. Sartorius' stock soared by 10% after the company raised its earnings forecast, while Pernod Ricard advanced by 2.1% despite a 7.6% decline in organic sales figures. ABB Group climbed 0.3%, recovering from initial losses due to results that had initially fallen short of market expectations. Market sentiment was further bolstered by an increased revenue growth target from Taiwan Semiconductor Manufacturing. On the downside, Whitbread's stock dropped 9% after reporting declines in both revenue and profit. Investors also kept a close watch on the political situation in France, noting that Prime Minister Lecornu successfully overcame two no-confidence votes, as anticipated.