European stock markets closed mostly higher this Tuesday (30), supported by the advance of the technology sector, amid the continued recovery of shares linked to AI (artificial intelligence).
The possibility of new negotiations between the United States and Iran, which kept oil prices volatile, and inflation and activity indicators reinforced the favorable environment for risky assets, while investors also attended the ECB (European Central Bank) Forum in Sintra.
In London, the FTSE 100 closed up 0.12%, at 10,497.12 points. In Frankfurt, the DAX rose 1.43%, to 24,979.25 points. In Paris, the CAC 40 gained 0.44%, at 8,403.99 points. In Milan, the FTSE MIB advanced 1.01%, to 51,682.43 points. In Madrid, the Ibex 35 rose 0.41%, to 19,467.50 points. In Lisbon, the PSI 20 fell 0.29%, to 9,132.59 points. Quotes are preliminary.
The pan-European Stoxx 600 index advanced 0.97%, to 642.27 points, renewing its historic closing high. In the quarter, the index advanced almost 10%. French company Abivax soared almost 40% after releasing new data considered positive about the safety of its experimental treatment for ulcerative colitis.
In the tech sector, Infineon (+3.6%) and STMicroelectronics (+1.1%) advanced. Maersk was unable to sustain itself and fell 1.9%, even after raising its forecast for 2026, driven by rising freight rates.
On the negative side, Kering fell 6.5% after reaffirming the expectation of a gradual recovery of its results in a conference call with analysts, according to CNBC. The movement contaminated other giants in the segment, such as LVMH (-1.5%), Hermès (-1.3%), Richemont (-1.6%) and Burberry (-3.4%), which also retreated.
On the macroeconomic agenda, German inflation slowed more than expected in June, while German retail sales surprised positively in May and the United Kingdom’s GDP (Gross Domestic Product) confirmed an expansion of 0.6% in the first quarter.
In France, inflation also lost strength. For Swissquote, tensions in the Middle East continue to have a limited impact on risk appetite as long as oil prices remain contained, while Philip Lane, chief economist at the ECB, warned that a rebuilding of oil stocks could put pressure on inflation again.
The EU also announced new restrictions on steel imports, boosting the industrial metals sector, which rose close to 1.8%, while France signaled a possible downward revision of its growth projection and received a new warning from the OECD about the need for fiscal adjustment.
*With information from Dow Jones Newswires
