Key facts
- The STOXX 600 was trading 0.7% higher at 662.83 points by 0807 GMT, near August record levels.
- Siemens Energy gained 6.5% on expectations of higher 2027 profit margins and plans to more than triple its dividend.
- Schneider Electric and Legrand each gained around 2.6%, and the broader tech sector added 1.7%.
- CoreWeave said it would become profitable on an adjusted basis in the first half of 2028.
- Vestas fell 6% after third-quarter operating profit came in below market estimates.
- CSG fell 18% after cutting its full-year operating margin forecast.
Europe's STOXX 600 was trading 0.7% higher at 662.83 points by 0807 GMT on November 11, close to the record levels it reached in August, Reuters reported. Gains followed strong forecasts from Siemens Energy and US-based CoreWeave.
Siemens Energy, which makes AI equipment, gained 6.5% on expectations of higher profit margins in 2027, and said it plans to more than triple its dividend. Peers Schneider Electric and Legrand each gained around 2.6%, and the broader tech sector added 1.7%.
CoreWeave, a neocloud company, said it would become profitable on an adjusted basis in the first half of 2028.
Among laggards, wind turbine operator Vestas fell 6% after reporting third-quarter operating profit below market estimates. Czech-based ammunition and arms producer CSG fell 18% after cutting its full-year operating margin forecast.
A rebound in Brent crude prices following shipping attacks in the Strait of Hormuz added caution, a day after hotter-than-expected US inflation data lifted expectations for a December interest rate hike by the Federal Reserve, Reuters reported.