European equities rose toward record highs as oil fell and investor appetite for
AI trading recovered. Miners led gains on lower oil and a softer dollar; techs
advanced after AI compute provider CoreWeave Inc. gave an upbeat earnings
outlook and investor anticipation of an Anthropic IPO increased. Siemens Energy
jumped 6.5% after saying surging demand for gas turbines and grid equipment
could lift margins to as high as 22% by 2030 and helped more than double profits
last year. Since the US midterms last Wednesday the STOXX Europe 600 is up about
2% while the S&P 500 is down 0.6%. Roger Lee, head of equity strategy at
Cavendish, said reduced post-midterm AI skepticism has reversed some flows in
favour of non-US markets.
