FX.co ★ European Stocks Gain for 3rd Session

European stocks overcame early setbacks to close higher on Thursday, marking three consecutive days of gains. This upward momentum was influenced by a favorable session on Wall Street, as investors evaluated the European corporate landscape amidst possible US trade restrictions. The Eurozone's STOXX 50 inched up by 0.3%, finishing at 5,115, while the broader pan-European STOXX index experienced a 0.5% rise, closing at 519. Ongoing commentary from White House officials indicated that President Trump might be inclined towards negotiating a trade agreement with China, potentially mitigating the risks of a comprehensive trade war and bolstering risk-on assets worldwide. Notably, certain stocks in the semiconductor sector saw significant gains, with ASML and Infineon climbing by 2% and 8%, respectively. Companies within the chemicals and energy sectors also performed well, with Eni and Air Liquide each advancing by over 2%. Additionally, Adidas shares rose by 2.5% following the announcement of stronger-than-anticipated Q1 profits.