European stocks on track for their strongest year since 2021
Istanbul, December 30 (Hibya) – European stocks rose on Tuesday, led by gains in basic resources and banking shares, with the STOXX 50 climbing 0.4% to 5,776 points, its highest level since the record peak on November 12.
The broader STOXX 600 edged up 0.1% to 590 points, reaching an all-time high. Investors appeared largely unfazed by volatility in precious metals and renewed uncertainty surrounding Ukraine peace talks.
The market’s focus remains on the possibility of further policy easing by the U.S. Federal Reserve in 2026. Minutes from the latest Federal Open Market Committee (FOMC) meeting, due later today, are expected to provide more clarity.
In corporate news, Novo Nordisk and Eli Lilly announced price cuts for leading obesity drugs in China. The STOXX 50 is set to end 2025 with gains of around 18%, while the STOXX 600 is poised for a 16% annual gain, marking its strongest performance since 2021.
Tuesday will be the final trading day of the year for many European markets, including Frankfurt, Milan, Zurich and the Scandinavian exchanges.
British News Agency
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