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Indonesia News Portal for Traders | Financial & Business Updates

22 January 2025 17:50  |

Europe’s Stock Benchmark Hits Record High on Trump Tariff Relief

Europe’s Stoxx 600 index hit a record high for the first time since September, as investors grew optimistic that the harshest of threatened US tariffs may not be implemented.

The benchmark rose 0.6% to 529.14 points as of 8:31 a.m. in London, surpassing its previous intraday high of 528.68 set in September. Health care and industrial stocks were the biggest gainers on Wednesday, while Novo Nordisk A/S provided the biggest single boost to the index.

European equities have come back in favor this month, after posting one of their worst years relative to the US in 2024. Political uncertainty is also expected to fade this year after upcoming elections in Germany.

Source: Bloomberg

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