14:27 - 5.11.2026

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November 5, Fineko/abcnews. European stock markets broke previous closing records as investors rotated out of AI-heavy technology stocks into defensive sectors and responded to stronger-than-expected corporate earnings. The benchmark Stoxx Europe 600 Index tested levels above its previous August peak.

The market rally was further supported by broad risk appetite following the US midterm election results and crude oil prices retreating back below $100 per barrel.

According to Bloomberg Intelligence data, Q3 earnings for the MSCI Europe Index are projected to grow by more than 32%, marking the strongest quarterly corporate performance since early 2022.