Europe Closes Higher as Margin Concerns Ease
European stocks closed higher on Tuesday, following positive sentiment on global markets, despite a risk-averse market since morning. Investors' focus remained on the outlook for the Eurozone earnings season.
The EURO STOXX 50 index rose 1% to 6,007, while the STOXX 600 also gained 1% to 617—marking a record high. Early in the session, capital flows shied away from Europe after a sharp decline in precious metals triggered increased margin requirements on major derivatives exchanges.
However, these concerns eased when the market reported no significant liquidity disruptions. Buying interest spread again to almost all sectors, lifting the index broadly until the close.
At the stock level, the banking sector was the main driver: Santander, UniCredit, ING, and Nordea rose around 2%–3%. SAP surged 3.5%, extending its recovery after pressure on earnings day. Meanwhile, Intesa Sanpaolo was flat, declining 0.2% after announcing its results.
On the other hand, Rheinmetall fell 3%, extending the volatile period for European defense stocks. (alg)
Source: Newsmaker.id
