2025.10.2717:12:36UTC+00European Stocks Rise to Fresh Records

European stock markets soared to new record highs on Monday amid renewed optimism regarding trade flows between the United States and China, which bolstered the prospects for global economic growth. The Eurozone's STOXX 50 index climbed by 0.6% to reach 5,711, while the STOXX 600 rose by 0.2% to 577—both achieving historic peaks. Encouraging remarks from both U.S. and Chinese officials have heightened expectations that the two economic powerhouses may reduce some of the trade restrictions implemented on each other, following the anticipated meeting between Presidents Trump and Xi Jinping on Thursday. This development is seen as a positive indicator for corporate earnings.

In monetary policy, the European Central Bank is expected to maintain interest rates, whereas the Federal Reserve is likely to announce a rate cut this week. In corporate news, Porsche’s shares surged by 3% after reporting a smaller-than-anticipated operating loss. The banking sector also experienced significant gains, with Intesa Sanpaolo, UniCredit, and BBVA each advancing nearly 2%. Furthermore, Schneider saw a 2.1% increase following an upgrade from Morgan Stanley. The technology sector showed strength as well, with ASML, Prosus, and Infineon witnessing gains ranging from 1.5% to 3%, amid expectations that the upcoming earnings reports from major tech companies could further buoy the sector.