From Nasdaq: 2025-06-04 13:00:00

European stocks closed higher on Wednesday as EU trade talks with the U.S. showed progress. The ECB is expected to reduce interest rates by 25 basis points. The Stoxx 600 rose 0.51%, with gains in the UK, Germany, France, and Switzerland. In Germany, Infineon Technologies and Deutsche Post saw strong gains, while Deutsche Bank and other companies closed weak. In France, STMicroElectronics surged 12%, and Airbus Group shares climbed over 2%. In the UK, Babcock International and Games Workshop rose, while B&M European Value Retail declined. Economic data showed a mixed picture in the UK and Euro area.

In the UK, the service sector saw renewed growth in May, with the PMI climbing to 50.9. The Euro area composite output index fell to 50.2. Germany’s private sector slipped into contraction, with the composite output index dropping to 48.5. France’s private sector showed signs of stabilization, with the composite output index rising to 49.3. The final services PMI for all countries varied, showing both growth and contraction in May.



Read more at Nasdaq: European Stocks Close Higher On Optimism About U.S. – EU Trade Talks