The STOXX 600 headed for a roughly 9%-10% quarterly gain as AI-linked technology stocks rallied, Siemens Energy rose on strong demand comments, and easing Middle East tensions supported sentiment.
European equities rose on Tuesday, with the pan-European STOXX 600 up 0.6% at 639.77 points by 0804 GMT and on course for its strongest quarter since October 2020. Reuters reported the benchmark was set for a 9.7% quarterly gain, while separate market data cited by BlockBeats/Bitget said the STOXX 600 finished the first half up more than 8% and the Europe STOXX 50 up more than 9%. Technology stocks led gains on demand tied to AI infrastructure, Siemens Energy jumped after reiterating strong product demand, and Abivax surged after positive topline trial results.