Major European benchmarks closed higher, with Spain’s IBEX 35 and Italy’s FTSE MIB outperforming, while US equities followed suit in early trading.
European stocks closed broadly higher, driven by gains in Spain and Italy, as investors maintained a positive risk appetite. Spain’s IBEX 35 rose 0.90%, while Italy’s FTSE MIB advanced 0.81%, leading the region’s major indices. Germany’s EU40 and the UK’s FTSE 100 each gained around 0.6%, with France’s CAC 40 up a more modest 0.28%.
The rally reflects continued investor confidence despite ongoing geopolitical and trade uncertainties. European 10-year bond yields showed mixed movements, with Germany and Spain posting slight increases, while yields in the UK, France, Italy, and Switzerland declined. The shifts suggest selective positioning rather than a broad directional trend in sovereign debt.
US equities extended gains as European markets closed, with all major indices advancing. The NASDAQ led the rally, building on the session’s momentum as risk assets remained in favor.