Chipmakers and miners push Europe higher as markets digest ECB stance
TL;DR Summary
European stocks opened higher with the Stoxx 600 up about 0.6% as miners and chipmakers led gains (DAX ~0.8%, CAC 40 ~+0.35%, FTSE 100 ~+0.2%). Abivax jumped on positive late-stage data for its bowel-disease drug. ECB President Lagarde urged a basics-first approach and defended recent rate hikes. In Asia, yields rose and the yen weakened to a multi-decade low, while China’s PMI signaled expansion; oil prices slipped on easing Iran–U.S. tensions. U.S. futures were mixed as markets digest cross-asset cues and corporate news.
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