Germany S&P Global Services PMI Final

Germany S&P Global Composite PMI Final

Euro Area S&P Global Services PMI Final

Euro Area S&P Global Composite PMI Final

European stocks traded higher on Wednesday, with the STOXX 50 rising 0.8% and the STOXX 600 gaining 0.5%, tracking a broadly positive global market tone following the Democratic victory in the US Congress, which will likely constrain President Trump's legislative agenda. Meanwhile, the earnings season remains in full swing and remains on investors' radar. Banks, basic resources and utilities led the gains, while food and beverages and industrial goods stocks traded lower. HSBC Holdings rose 2.5%, Siemens gained 1.2%, Banco Santander advanced 2.9%, UniCredit added 2.6% and UBS climbed 1.5%. Novo Nordisk jumped 3.1% after beating earnings expectations and providing an updated outlook. On the downside, Unilever fell 1.3%, while BMW shares were little changed after the company reported lower third-quarter earnings. Leonardo slipped 3.5% ahead of its earnings release on Thursday.

European Stocks Trade Higher

Spain's registered unemployment rose by 43,128 from the prior month to 2.42 million in October 2026, still the lowest figure for the month since 2007. Analysts had expected a smaller 18,700 increase. Registered unemployment increased across nearly all sectors in October, with services accounting for the largest rise (+26,853), followed by industry (+1,911) and agriculture (+1,547). Construction remained broadly stable (+102), while unemployment among first-time jobseekers climbed by 12,715.

Spain Jobless Rises More Than Expected

The Sveriges Riksbank raised its policy rate by 25 basis points to 2.0% at its November meeting, as widely expected, bringing borrowing costs to their highest level in over a year. The move marked the central bank’s first rate hike since September 2023, with policymakers pointing to stronger economic activity and rising costs stemming from supply disruptions as factors likely to push inflation higher. The Riksbank also signaled that further tightening is likely in the coming year if the outlook for inflation and economic activity evolves as expected, reaffirming its September policy rate forecast.

Riksbank Raises Rates, Signals Further Tightening Ahead

The FTSE 100 Index is picking up 4 points or 0.04 percent on Wednesday. Gains are led by Fresnillo (3.94%), Endeavour (3.40%) and HSBC Holdings (2.73%). Biggest losers are Weir (-6.01%), BAE Systems (-4.89%) and Babcock International (-2.43%).

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