13.05.202615:50:41UTC+00European Stocks Rebound

European stocks finished solidly higher on Wednesday, snapping a four-session losing streak as tech shares rebounded and banking stocks steadied. The Eurozone’s STOXX 50 rose 1% to 5,870, while the broader STOXX 600 advanced 0.7% to 611.

European AI-related stocks rallied sharply, mirroring gains in US tech after the previous Wall Street session, as US chipmaker CEOs prepared to meet Chinese officials to discuss potential trade agreements. Infineon jumped more than 10% following broker upgrades, ASML climbed 5%, and Prosus gained 4%.

It was also a busy day for German corporate earnings. Siemens missed revenue expectations but ended slightly higher after announcing a share buyback program. Allianz added 1.3% on the back of record first-quarter revenue and profit. Merck surged 7.3% after reporting a smaller-than-expected drop in earnings and raising its 2026 guidance.