European indices are higher for the 2nd consecutive day to start the new trading week. This week the SNB, ECB, and BOE announcer interest-rate decisions – all on Thursday. All are expected to keep the rates unchanged.
At the close today, the pan-European Euro STOXX 50 gained 0.26%, closing at 5,764.00, setting a constructive tone across the continent.
Germany’s DAX 40 was a solid performer, rising 0.67% to 23,720.75, while France’s CAC 40 added 0.49% to close at 7,974.50. In the UK, the FTSE 100 posted a strong session, climbing 0.83% to finish at 10,403.59.
On the periphery, Spain’s IBEX 35 advanced 0.92% to 17,247.11, but it was Italy’s FTSE MIB that led the charge, topping the leaderboard with a gain of 1.22% to close at 44,887.53 — the best performance among the major indices on the day. Overall, it was a positive session for European equities with broad-based buying across all major markets.
As European traders head for the exits, the US equity markets are trading modestly higher on Tuesday, with all four major indices in positive territory. The Russell 2000 is leading the pack among indices at +0.45%, suggesting some rotation into small-caps, while the Dow Jones is the laggard at +0.29%. The S&P 500 and Nasdaq are both posting steady but unspectacular gains in the mid-0.30% range.
The major indices remain steady with the same broad-based gains, but the individual stock picture tells a more interesting story today.
On the winners side, the session has a strong cyclical flavor — travel and transport stocks are leading the charge, with Western Digital (WDC) surging +5.42%, Uber (+5.29%) and Delta Air Lines (+5.06%) both posting impressive moves, and Booking Holdings adding +3.44%. Airlines broadly are having a good day with American Airlines and Alaska Air also in the green. Baker Hughes (+4.48%) and SLB (+3.14%) suggest energy is also catching a bid. Semiconductor name Micron (MU, +3.19%) and chip designer ARM (+4.05%) add a tech dimension to the gainers list.
On the losing side, Nebius NV (NBIS) is the clear outlier, cratering -11.17% — a sharp single-name move that stands well apart from the rest. Defense stocks are under notable pressure, with Northrop Grumman (NOC) and Lockheed Martin (LMT) both down around -1.5% to -1.9%, suggesting some sector rotation out of defense. Intel (-3.18%) and Broadcom (-1.86%) add to the semiconductor weakness on the downside, while Boeing (-1.16%) continues its troubled run.
