NEWS· 1 min read
European stocks reach fresh records
Europe's STOXX 600 index climbed 0.3% to a record 665.38 points by 08:06 UTC on November 12.
Germany's DAX also reached a new high, gaining 1%. Siemens shares rose 3.8% after the company raised its growth outlook, while Merck advanced 1.6% following an upward revision to its 2026 profit guidance.
European companies are on track for approximately 25% quarterly earnings growth, while easing Middle East tensions have supported equities. The STOXX 600 has gained 4.7% this quarter, compared with a 0.4% decline in the S&P 500. Europe's relatively lower exposure to AI-linked stocks may also be contributing to its outperformance.