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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

30 July 2026 23:15  |

European Stocks Rise, Bolstered by Corporate Earnings

European stock markets rose during Thursday's trading (July 30) amidst a flurry of corporate earnings reports. The Stoxx 600 index climbed 0.8%, led by the mining and banking sectors, after several companies posted results that exceeded expectations.

Schneider Electric surged 11% after raising its performance outlook, while Rolls-Royce rose 6% after revising its annual targets. Banking stocks also gained 2.6%, supported by the positive performance of Societe Generale, BBVA, and ING.

Conversely, Sanofi plunged 8.9% due to concerns regarding the company's growth prospects. Adidas fell 12% after posting disappointing earnings, while Stellantis dropped 4.3% amidst intense competitive pressure.

Overall, European markets were supported by better-than-expected earnings and a lower reliance on technology stocks. However, volatility remained high, as stocks failing to meet market expectations faced significant downward pressure. (arl)

Source: Newsmaker.id

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