European stocks rise as AI infrastructure shares rebound

European stocks closed slightly higher on Tuesday, recovering part of their recent losses as AI infrastructure companies and manufacturers rebounded. The Euro STOXX 50 rose 0.2% to 6,462, while the STOXX Europe 600 gained 0.4% to 657. Chipmakers and data-center suppliers pared the previous session’s declines as investors assessed future capital expenditure, particularly ahead of potential IPOs (initial public offerings) by Anthropic and OpenAI. ASML and Infineon each gained 1%, while Siemens Energy jumped more than 3%. Siemens, Schneider, Safran and Airbus also advanced, supported by lower energy prices and sovereign yields. Natural gas futures retreated from their peaks after the US indicated it would sanction companies helping Iran trade, signaling a shift away from rhetoric focused on military strikes.

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