Most major European bourses advanced, with Germany’s DAX leading regional gains, also up 0.7 per cent. Technology stocks were at the forefront, climbing 2.3 per cent after chipmakers rallied in the U.S. The positive momentum was reinforced by news that South Korea’s Samsung Electronics and SK Hynix signed letters of intent to supply memory chips for OpenAI’s expanding data centre infrastructure.
Dutch semiconductor giants ASML and ASMI each rose more than 4 per cent, ranking among the top gainers in the STOXX 600. The rally underlined how closely European tech sentiment remains tied to global demand for advanced chips driven by artificial intelligence adoption.
Healthcare shares also extended their climb, gaining 1 per cent. The sector has been buoyed since Tuesday’s announcement of a U.S. deal involving Pfizer, which helped ease some of the regulatory uncertainty weighing on pharmaceuticals.
Autos joined the upswing, advancing 2.1 per cent overall. Ferrari stood out with a 3.2 per cent jump after HSBC upgraded the Italian luxury carmaker to a “buy” rating from “hold,” citing strong demand and earnings prospects.
Broader Market Watch
Investors remain cautious, however, about political risks abroad. Market watchers are closely following developments around a potential U.S. government shutdown, which could delay the release of key economic data, including the monthly U.S. jobs report expected later this week.
For now, the record-setting run highlights renewed confidence in European equities, particularly in sectors benefiting from global technology trends and resilient consumer demand.