European shares rebound as STOXX 600 heads for first monthly decline in six

Sep 29, 2026 09:17 (26d ago)

European shares rebounded as technology, semiconductor-equipment, mining and utility stocks advanced while investors assessed yields, energy inflation and Middle East risks.
The STOXX 600 rose 0.7% to 642.69 points and was set for its first monthly decline in six months, with estimates ranging from a 1.5% to nearly 2% September fall.
The index was described as nearly flat for the third quarter, while Glencore gained 1.4% after approval to operate its Hunter Valley thermal coal project through 2045.

European equities rebounded on Sept. 30, with the pan-European STOXX 600 up 0.7% at 642.69 points by 0722 GMT, while remaining on track for its first monthly decline in six months. The index was expected to fall about 1.5% in September in the newer estimate, compared with an earlier estimate of nearly 2%, as elevated sovereign yields, energy costs, Middle East tensions and artificial-intelligence-sector concerns weighed on valuations. Technology and semiconductor-equipment shares gained after U.S. President Donald Trump backed voluntary AI safety standards and rapid data-center expansion, while mining stocks advanced and Glencore rose after Australia approved continued operations at its Hunter Valley thermal coal project through 2045. Investors awaited European inflation, employment and retail data, U.S. PCE inflation and comments from European Central Bank official Frank Elderson.