European equities pushed higher on Wednesday, building on the prior session’s momentum as investors reacted to rising optimism over a potential Federal Reserve rate cut in December and encouraging signals from diplomatic efforts to halt the war in Ukraine.
CBS News reported that negotiators had reached a broad “common understanding” on a U.S.-brokered peace framework aimed at ending Russia’s nearly four-year invasion, though final details still need to be ironed out. The report also indicated that Ukrainian President Volodymyr Zelenskyy may travel to the United States before the end of November to finalize the agreement.
Markets were also watching developments in the United Kingdom, where Chancellor Rachel Reeves delivered her budget after its contents were accidentally published early.
By midday, the U.K.’s FTSE 100 was up 0.6%, while France’s CAC 40 gained 0.5% and Germany’s DAX advanced 0.4%.
In corporate news, German landlord Aroundtown (TG:AT1) tumbled after releasing its nine-month 2025 results and reaffirming its full-year outlook. Meanwhile, Energean (LSE:ENOG), the gas producer focused on the Eastern Mediterranean, slipped after increasing its annual net-debt guidance.
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