empty
 
 

18.02.202608:43:30UTC+00European Stocks Climb Toward Record Highs on Defense Rally

European equities advanced on Wednesday, moving closer to record highs, supported by strong gains in defense stocks and investor reaction to reports of a potential leadership change at the European Central Bank. The Stoxx 50 rose 0.4% to 6,050, while the broader Stoxx 600 added about 0.5% to reach 625.

Defense shares climbed more than 2%, led by BAE Systems, which jumped nearly 6% after reporting a stronger-than-expected increase in full-year operating profit. Sector sentiment was further bolstered by reports that Germany is considering acquiring a minority stake in KNDS ahead of its planned listing later this year.

In monetary policy news, the Financial Times reported that Christine Lagarde may step down as ECB president before France’s 2027 presidential election.

Elsewhere, Carrefour shares fell 5% after the retailer reported a decline in operating profit. Investors also awaited the release of the Federal Reserve’s meeting minutes for additional clues on the outlook for US monetary policy.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback