European stock markets closed sharply higher on Monday (November 9, 2026), reversing losses from the previous two sessions as investors regained optimism regarding the development of artificial intelligence (AI) and data center infrastructure.
The Euro STOXX 50 index jumped 1.9% to 6,290, while the STOXX Europe 600 rose 1.3% to 656.6. This recovery reflects a renewed appetite for risk assets as concerns surrounding United States technology policy began to subside.
The banking sector served as a primary catalyst for the market rally. Shares of UniCredit surged nearly 7% following strong financial results and indications of a potential takeover of Commerzbank by the end of the month. Shares of Santander, BBVA, and Deutsche Bank also climbed, gaining between 2.5% and 3.5%. Meanwhile, Banco BPM shares soared 10.7% after Crédit Agricole—which already holds a stake of approximately 30% in the Italian bank—expressed interest in a full acquisition. The prospect of consolidation within the European banking sector provided an additional boost to investor sentiment.
In the technology sector, stocks linked to AI infrastructure rebounded following a sell-off on Friday. ASML jumped 4.7%, and Infineon rose 6.2%, as fears that a Democrat-led U.S. Congress might hinder data center development began to ease.
The gains in technology and banking stocks signal a recovery in investor confidence regarding corporate growth prospects. Nevertheless, the sustainability of this rally will depend on future developments in AI regulation, corporate performance, and the direction of global monetary policy.
Source: Newsmaker.id