European equities advance near records as tech gains, oil eases

[Global Business Strategy on Digital Display]

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.09%

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.69%

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.54%

Italy’s industrial turnover increased by 2.0% month-on-month in March.

EU passenger car registrations [https://seekingalpha.com/news/4597213-europe-car-registrations-rise-51-in-april-tesla-surges-46]rose 5.1% year-on-year to 972,314 units in April 2026, marking the third consecutive month of growth but slowing from a 12.5% increase in March.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] rose 0.3% on Wednesday, moving closer to their pre-war record highs as technology shares advanced and easing geopolitical tensions pushed oil prices (CL1:COM [https://seekingalpha.com/symbol/CL1:COM]) lower.

Among equities, ASML Holding (ASML [https://seekingalpha.com/symbol/ASML]) and Infineon Technologies (IFNNY [https://seekingalpha.com/symbol/IFNNY]) were among the biggest contributors to the benchmark, after Micron Technology (MU [https://seekingalpha.com/symbol/MU]) rallied to top $1T [https://seekingalpha.com/news/4597172-microns-meteoric-rise-leads-memory-chip-stocks-up-as-ai-spending-knows-no-bounds]in market value in the US.

Meanwhile, speaking to _CNBC_, Bank of France Governor Francois Villeroy de Galhau sought to reassure sovereign debt markets that central bankers in Europe were committed to minimizing the impact of the Iran war. He said the ECB “will do what is necessary” to keep inflation on target.

Elsewhere, more European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China.

In the bond market, the yield on the US 10-year Treasury was down 2 basis points 4.47%.

UK's 10-year yield was down 5 basis points to 4.83%.

Germany's 10-year yield was down 3 basis points to 2.96%.

Currencies: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD]) (GBP:USD [https://seekingalpha.com/symbol/GBP:USD]) (CHF:USD [https://seekingalpha.com/symbol/CHF:USD])

ETFs: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG]), (NYSE:GF [https://seekingalpha.com/symbol/GF]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK])

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