European indices rise, supported by financial stocks

European stocks rose during trading on Wednesday, continuing the positive sentiment witnessed by global markets since the beginning of the week.

The British FTSE index rose by 0.15%, reaching 8,561.36 points.

According to CNBC, the German DAX index stabilized in the green zone, rising by 0.84% ​​to 21,219.56 points.

The French CAC 40 index achieved gains of 0.57% to reach 7,815.37 points.

The European Stoxx 600 index also rose by 0.56% to 528.94 points.

Across all European stock markets, financial companies led the market with gains of 1%, with the utilities and mining sector declining by 0.3%.

Adidas shares emerged with higher trading by 6% after the company released its fourth-quarter results on Tuesday.

The sportswear maker said sales grew 19% to nearly 6 billion euros ($6.25 billion) in the final three months of 2024, removing currency volatility.

Read also: European stocks close higher as investors digest Trump’s first executive orders

Global markets rally

Global markets rose this week as investors digested the first executive orders signed by U.S. President Donald Trump on Monday after he was sworn in.

In Asia-Pacific, most markets were higher in overnight trading, while S&P 500 futures rose after ending the first trading session after Inauguration Day with strong gains.