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European stocks climb on sector gains
European stock indices rose today, Wednesday, supported by strong earnings results from Dutch company ASML. The firm recorded a record net sales of €11.7 billion in the third quarter, and its advanced chip manufacturing orders extend through 2029-2030, reflecting ongoing technology spending. The healthcare sector also increased by 2.3%, reaching its highest level since September. Meanwhile, corporate earnings reports and tensions in the Middle East pushed oil prices above $100, reinforcing expectations of a European interest rate hike in December and the potential for tightening U.S. monetary policy after inflation rose to 3.7%.
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