European equities moved mostly higher on Wednesday as the recent sell-off in long-term bonds appeared to stabilize, while a survey indicated the eurozone economy continued its gradual expansion in August, despite slower growth in the services sector.
The HCOB Eurozone Composite Purchasing Managers’ Index (PMI) ticked up slightly from 50.9 in July to 51.0 in August, reaching a 12-month high.
In the U.K., the Composite PMI was revised upward to 53.5 from an initial reading of 53.0.
Investors will keep a close eye on remarks from European Central Bank President Christine Lagarde and the release of U.S. job openings for July as the trading day progresses.
Among European indices, the French CAC 40 rose 0.9%, the German DAX gained 0.7%, and the U.K. FTSE 100 advanced 0.4%.
Individual stocks also showed mixed performance. Swedish construction firm Skanska (BIT:1SKAB) climbed after securing a $73 million U.S. contract.
Ashtead Group (LSE:AHT) rose after reporting quarterly results in line with expectations and increasing its free cash flow guidance.
Watches of Switzerland (LSE:WOSG) surged following strong trading performance and growth across key markets over the 18 weeks ending August 31, 2025.
Conversely, Cairn Homes (LSE:CRN) slipped after reporting a decline in first-half profits. Swiss Life Holding (TG:SLW) also came under pressure following a lower first-half net profit report.
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.
Leave a Reply