Germany’s DAX led the regional rally, securing an all-time high with a 0.9% gain. Much of this momentum stemmed from a 1.2% surge in Siemens shares following a positive broker upgrade. Beyond individual equities, the market breadth widened as the initial tech-heavy rally incorporated industrial and financial sectors, supported by reports of global economic resilience.
Geopolitical pressures also reshaped investor priorities. Defence stocks climbed 0.8% as the conflict between Russia and Ukraine intensified, fueling projections for increased military expenditures. Elsewhere, France’s Pluxee defied broader market trends in the services sector, jumping 6.4% despite reporting a slight dip in third-quarter organic sales. These gains follow a cooling in Middle East tensions and a softer-than-expected U.S. jobs report, which shifted the narrative around central bank policy toward a more accommodative stance.
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