European Stocks Rise for Sixth Day: STOXX 600 at Two-Month High
European Stocks Rise for Sixth Day
European equities extended their winning streak to a sixth session, pushing the STOXX 600 index to a two-month high. The index closed up 1.1%, now less than 1% below late February's record highs.
Market Overview
Trading volumes were roughly half their normal levels due to public holidays in the U.S., UK, Switzerland and others. Germany's DAX gained around 2%, led by strong gains in Siemens and Infineon, both up over 3%.
Key Corporate News
Delivery Hero shares rallied about 12% after a Financial Times report that Uber's initial €33-per-share offer for the German food delivery company was rebuffed. Budget airline Ryanair said it had repaid its only outstanding bond, leaving it effectively debt-free for the first time since its 1997 listing; shares rose nearly 4.4%.
U.S. Futures
U.S. index futures pointed to a positive start when normal trading resumes on Tuesday. S&P 500 futures were up 0.9% and Nasdaq 100 futures up 1.3%.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
S&P 500 futures rose 0.9%, positive European sentiment may spill over but direct impact is limited.
SIEMENS AG NA O.N.
Siemens shares rose over 3%, directly benefiting from overall market optimism.
STOXX 600
STOXX 600 index rose for the sixth consecutive day, approaching record highs, directly impacting the index.
DAX Index
DAX index rose 2%, with heavyweights Siemens and Infineon directly benefiting from the news.
Ryanair shares rose 4.4% after repaying debt, a direct positive development.
INFINEON TECH.AG NA O.N.
Infineon shares rose over 3%, directly benefiting from positive tech sector sentiment.
Delivery Hero surged 12% after rejecting Uber's offer, a direct and significant impact.
Nasdaq 100 futures rose 1.3%, indirectly benefiting from tech optimism.
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