10.11.202617:10:32UTC+00European Stocks Extend Rebound

European stocks advanced for a second consecutive session on Tuesday, supported by continued gains in banking and technology shares. The Euro STOXX 50 rose 0.7% to 6,337, while the STOXX Europe 600 added 0.4% to 659.1, bringing it to within less than 0.3% of the record high set in August. Financials once again led the market, buoyed by strong sector earnings. UniCredit climbed 2.4%, extending its rally to 9% so far this week on the back of robust results released yesterday and an upbeat outlook regarding the anticipated Commerzbank takeover. Italian equities also finished higher, helped by solid earnings from Banca Mediolanum and news of Credit Agricole’s acquisition interest in Banca BPM. In the technology sector, ASML gained 1.3%, building on yesterday’s rebound after TSMC’s positive outlook, as investors continued to assess AI-related demand ahead of Anthropic’s planned IPO in the US next week.