European Stocks Rise for a Third Straight Day
European stocks continued their gains for the third consecutive session on Thursday (May 7). The STOXX 50 Index rose 0.4% while the STOXX 600 added 0.2%, reflecting maintained risk appetite even as markets continued to weigh geopolitical uncertainty.
Investors' primary focus was on developments in the US-Iran conflict, particularly on whether Iran would accept the US proposal. US President Donald Trump said there was no final agreement and called the assumption that Iran would accept the proposal "probably too high," while warning that military action could continue if Tehran did not comply.
On the corporate side, the earnings season also shaped stock market sentiment. Shell fell 3% after reporting a surge in profits, but warned of potential lower production due to disruptions related to the conflict in the Middle East. Maersk also fell 3%, despite posting above-expected profits and maintaining an unchanged outlook.
Despite pressure on several major issuers, gains in large-cap stocks helped support the index. ASML rose 1%, Roche strengthened 0.3%, and LVMH surged 1.8%, balancing market sentiment that remains sensitive to geopolitical news and earnings dynamics. (asd)
Source: Newsmaker.id
