European stocks continued their gains for a third consecutive session on Wednesday, with the STOXX 50 rising 0.4% and the STOXX 600 up 0.2%, as corporate earnings continued to dominate market sentiment. Siemens Energy rose 1.8% after reporting record quarterly order intake, while Fresenius edged up 0.2% following an improved revenue outlook.
Zalando rose 1.7% after raising its full-year forecast, and Banco BPM rose 1.4% after beating net profit expectations. On the downside, Novo Nordisk shares were little changed despite its operating profit rising below expectations. Glencore fell 3.7% after reporting a 14% drop in first-half profit, while Commerzbank fell 1% following a decline in profit—although the bank raised its full-year forecast.
Additionally, investors remain focused on trade policy developments, with US President Trump hinting at plans to announce new tariffs on semiconductors and chips as early as next week. (alg)
Source: Trading Economics
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