European stocks stabilized today after two consecutive days of gains as investors analyzed a series of results and management statements.
ASML chip equipment stocks hit record highs.
Europe’s STOXX 600 index was stable, with the technology sector the biggest gainer, rising 2.7%.
Investors are looking to performance for some reassurance given geopolitical and trade tensions and their impact on the broader economy.
Order exceeds expectations
ASML, the world’s largest computer chip equipment supplier, announced better-than-expected fourth-quarter orders reflecting resilience in demand for artificial intelligence, sending its shares up 6.9%.
Investors are currently awaiting the US Federal Reserve’s monetary policy decision, which will be announced later today.
The bank is widely expected to keep interest rates on hold, but the focus will be on threats to its independence.
European stocks stabilized today after two consecutive days of gains as investors analyzed a series of results and management statements.
The stock price of chip equipment manufacturer ASML has hit a new record high.
The Stoxx600 index held steady, with the technology sector the biggest winner, rising 2.7%.
Investors are looking forward to earnings results for some reassurance amid geopolitical and trade tensions and macroeconomic implications.
Orders exceeding expectations
ASML, the world’s largest computer chip equipment supplier, announced better-than-expected fourth-quarter orders reflecting strong demand for artificial intelligence, sending its stock price up 6.9%.
Investors are currently awaiting the US Federal Reserve’s decision on monetary policy later today.
It is widely expected that the bank will keep interest rates unchanged, but the focus will be on threats to its independence.
