In October, large-cap stocks outperformed small-cap stocks, with utilities and technology leading the gains. The Morningstar Europe Index rose 2.5% in euros but lagged behind the Global Markets Index. ASML Holding and LVMH were top gainers. Value stocks outperformed growth stocks, with utilities driving the sector’s profitability. Defense industry and financial stocks saw declines. Technology and energy sectors rose, while communication and financial sectors fell, with notable losses for SAP and Deutsche Telekom. Financial services have been the best performer since October 2024.

Read more at Morningstar: European Value Stocks Outperform Growth in October