European stock markets climbed during Wednesday’s (Nov 11) trading session, marking their third consecutive day of gains. The STOXX 50 index rose by approximately 0.9%, while the STOXX 600 index advanced 0.7%, reaching a new all-time high.
Positive sentiment was bolstered by strength in the technology sector, as the outlook for CoreWeave fueled optimism regarding the artificial intelligence industry. Anticipation surrounding a potential public listing for Anthropic PBC further spurred investor interest in the tech sector.
Shares of ASML Holding rose 2.6%, while Infineon surged 6.1%. These gains helped strengthen momentum in the semiconductor sector, amid improving sentiment toward the global growth prospects of AI.
On the corporate front, Siemens Energy jumped 7.1% after reporting record quarterly revenue. ABN Amro climbed 2% following a 52% year-on-year increase in its third-quarter net profit.
Meanwhile, shares of RWE gained 0.8% after the company’s earnings surpassed market expectations. The combination of improved sentiment toward the technology sector and strong corporate performance has kept the positive momentum in European markets firmly intact.