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Live Updates  >  Live Update Details

2026-11-05 22:32:26

European stocks rose in midday trading, boosted by the Democrats' big win in the midterm elections and improved risk appetite. European stocks broke through previous closing record highs, driven by rotation from AI trading and a strong earnings season. The Stoxx Europe 600 index reached its August high in early trading before gradually narrowing its gains. At 13:01 London time, the pan-European benchmark index was up 0.5%, led by the mining sector. The index surged on Wednesday after the Democrats' big win in the midterm elections boosted risk appetite. Alexander Ballardez, chief market analyst at IG Paris, said, "European stocks are slightly below their historical average in terms of valuation, so today's new highs are based on fundamentals and a strong earnings season."

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