European Stocks Rise Slightly, PMIs a Next Test
European stock markets edged higher on Friday, as investors awaited the release of flash PMI figures from several major economies. The Euro Stoxx 50 Index rose 0.3% to 6,070, while the Stoxx Europe 600 gained 0.2% to 627.
Market participants tended to hold their positions because PMI data typically provides a quick snapshot of business activity—whether the economy is strengthening, slowing, or beginning to enter a recovery phase. This data is also often used by the market to gauge the direction of future interest rate policy.
Sentiment was also influenced by comments from ECB President Christine Lagarde, who said she intended to complete her term, dismissing rumors that she might step down early. This statement had a calming effect, as markets generally dislike uncertainty about central bank leadership.
From a geopolitical perspective, market concerns were said to have eased slightly, despite US President Donald Trump's repeated warning to Iran that it had 15 days to reach a nuclear deal. For now, the market response appears more measured than in previous sessions.
At the stock level, Air Liquide rose 2% despite reporting net income and full-year revenue slightly below expectations. This suggests investors may be focusing more on business prospects and stability than just headline figures.
Meanwhile, Danone fell 1% despite 2025 sales and cash flow exceeding analysts' estimates. In the mining sector, Anglo American rose 1% after sharply cutting its final dividend while signaling progress on its planned merger with Teck Resources.
Source: Newsmaker.id
