European Stocks Rise, Stoxx 600 Hit Record
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European stocks rose, with the STOXX 600 hitting a record high, driven by expectations of Fed rate cuts and stable ECB rates. Key gainers included ASML, Novo Nordisk, HSBC, and AstraZeneca. Cyclical and defensive stocks like Rolls-Royce and Shell also advanced. However, sportswear stocks like Puma and Adidas fell due to weak demand in China. The EU's decision to issue bonds for Ukraine loans was also noted. For the week, STOXX 50 and STOXX 600 rose by 1% and 1.6%, respectively.
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