15.12.202508:36:47UTC+00European Stocks Start Week Higher

European stocks commenced the final full trading week of the year on an optimistic trajectory, with both the STOXX 50 and STOXX 600 indices rising by 0.3%, recovering from Friday’s technology-driven downturn. Investors are gearing up for a busy week featuring central bank meetings. It is anticipated that the European Central Bank (ECB) will maintain its current borrowing rates while revising its GDP growth forecasts upwards. Likewise, the Bank of England, Sweden’s Riksbank, and Norway’s Norges Bank are poised to announce their monetary policy decisions. Additionally, geopolitical developments remain under close scrutiny, particularly the ongoing peace negotiations regarding Ukraine. Dialogue between the U.S. delegation and President Zelenskyy is resuming in Berlin. Among the gainers, Fresenius saw an increase of 2.2%, Banco Santander rose by 1.5%, and Schneider Electric climbed by 1.3%, propelling the market upward. Conversely, Argenx experienced a sharp decline of 9%, and Sanofi dropped by over 5% after its multiple sclerosis medication, tolebrutinib, failed to achieve the primary endpoint in clinical trials.