Key facts
- STOXX 600 index rose 0.3% to 641.75 points.
- Schneider Electric raised its 2026 core profit and revenue targets for the second time.
- Aixtron advanced 4.8% after beating third-quarter order intake estimates.
European shares were on track for their biggest weekly gain since August on Friday, as strong earnings reports and signs of stability in global technology stocks boosted investor sentiment. The pan-European STOXX 600 index rose 0.3% to 641.75 points by 0708 GMT, hovering near its highest level in more than two weeks. Schneider Electric rose 1.4% after the industrial group raised its 2026 core profit and revenue targets for the second time. Industrials gained 0.7% and were among the top gainers on the index. Chipmaker Aixtron advanced 4.8% after beating order intake estimates for the third quarter and confirming annual guidance. Investors are awaiting eurozone HICP inflation figures later in the day.