"European Stocks" European stocks rise in early trading, Spanish and British markets challenge new highs during the session, Prosus rises over 3%

AASTOCKS
2025.11.13 08:57

European stocks rose in early trading, with the pan-European STOXX 600 index, UK stocks, and the Spanish stock market hitting new highs. The end of the U.S. federal government shutdown continues to boost global stock markets.

The pan-European STOXX 600 index rose by 2 points or 0.3% to 586.22 points, reaching a new high of 586.34 points during the session. The UK FTSE 100 index fell by 26 points or 0.3% to 9,884 points, nearing yesterday's high of 9,913 points during the session; the French CAC 40 index rose by 66 points or 0.8% to 8,307 points; the German DAX index rose by 17 points or less than 0.1% to 24,399 points; the Spanish IBEX 35 index rose by 11 points or less than 0.1% to 16,627 points, reaching a new high of 16,661 points during the session; the Italian FTSE MIB index rose by 182 points or 0.4% to 44,975 points, nearing yesterday's high of 45,051 points during the session.

Tencent (00700.HK) reported better-than-expected quarterly results, and South African major shareholder Naspers' investment company Prosus rose by 3.1%. British luxury goods stock Burberry recorded positive comparable sales growth for the first time in two years, with its stock price rising by 4.5%. Delivery Hero's quarterly gross transaction volume increased by 7% year-on-year, confirming its full-year outlook, with its stock price rising by 8.5%.

In U.S. stock futures, Dow futures rose by 99 points to 43,487 points; S&P 500 futures rose by 9 points to 6,885 points; Nasdaq 100 futures rose by 55 points to 25,678 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets rose by 0.7% and 1.8%, respectively, while the Hong Kong Hang Seng Index rose by 150 points or 0.6% to close at 27,073 points, with a turnover of 270.7 billion yuan. The Taiwan stock market fell by 0.2%, while the Japanese and South Korean stock markets rose by 0.4% and 0.5%, respectively. The Australian and New Zealand stock markets fell by 0.5%. The Indian Nifty 50 index rose by 125 points or 0.5% to 26,001 points. The Singapore Straits Times Index rose by 2 points or less than 0.1% to 4,571 points. The Malaysian and Philippine stock markets rose by 0.1% and 0.2%, respectively, while the Thai stock market rose by 0.6%. The Indonesian stock market fell by 0.2%, and the Hanoi stock market in Vietnam rose by 0.6%, while the Ho Chi Minh stock market was close to flat