European equities are showing a mixed performance on Wednesday after Federal Reserve Chair Jerome Powell commented last night that stock valuations are “fairly highly valued” by several metrics.
In Europe, Germany’s DAX index is up slightly by 0.1%, while the U.K.’s FTSE 100 has dipped 0.1% and France’s CAC 40 is down 0.7%.
On the corporate front, German wind turbine manufacturer Nordex (BIT:1NDX) gained momentum after landing a 50MW order from Spanish energy firm Abei Energy.
Atos (EU:ATO) also climbed in Paris after winning a significant European Commission contract for cybersecurity technical operation services.
Defense-related stocks rose after U.S. President Donald Trump expressed confidence in Ukraine’s ability to reclaim territory held by Russia. “I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,” Trump wrote on his Truth Social account.
Conversely, SDI (LSE:SDI), a buy-and-build investment group, fell after indicating that it anticipates full-year results will meet market expectations.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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