European stocks rise as investors take advantage of weak market conditions
European stocks extended gains on Wednesday as investors capitalized on recent market weakness, shrugged off threats of new US tariffs, and assessed a mixed set of corporate results.
The pan-European STOXX 600 index rose 0.30 percent, or 1.64 points, to 543.04 in morning trading, extending its rally for the third consecutive session after hitting a five-week low on Friday.
The German DAX index rose 0.54 percent, or 127.63 points, to 23,973.70, and the French CAC 40 index rose 0.42 percent, or 32.18 points, to 7,653.22.
Commerzbank shares rose nearly 1 percent after the German bank reported better-than-expected quarterly net profit and raised some of its full-year forecasts.
Siemens Energy said it expects to achieve its top-line growth forecast for 2025, with its shares rising 1.2 percent, while the Swiss FTSE 100 fell 0.1 percent.
European healthcare stocks fell 0.7 percent, weighed down by a 1.3 percent drop in Danish pharmaceutical company Novo Nordisk after the company maintained its full-year outlook, just days after lowering its 2025 sales forecast.
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