{"id":64857,"date":"2025-10-01T17:30:07","date_gmt":"2025-10-01T17:30:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/01\/european-markets-close-on-buoyant-note\/"},"modified":"2025-10-01T17:30:07","modified_gmt":"2025-10-01T17:30:07","slug":"european-markets-close-on-buoyant-note","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/01\/european-markets-close-on-buoyant-note\/","title":{"rendered":"European Markets Close On Buoyant Note"},"content":{"rendered":"
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Despite the U.S. federal government officially shutting down after the Senate failed to reach an agreement on a last-minute spending bill, European stocks closed on a strong note on Wednesday, led by gains in the healthcare sector.<\/p>\n

Tariff concerns eased after Pfizer struck a deal with the Trump administration to allow patients to purchase discounter prescription drugs through a new federal website.<\/p>\n

Investors also digested regional economic data, and some corporate news. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets<\/span>.<\/p>\n

The pan European Stoxx 600 climbed 1.15%. The U.K.’s FTSE 100 gained 1.03%, Germany’s DAX ended 0.98% up, and France’s CAC 40 closed higher by 0.9%. Switzerland’s SMI surged 2.07%.<\/p>\n

Among other markets in Europe, Belgium, Czech Republic, Denmark, Finland, Greece, Ireland, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Turkiye closed higher.<\/p>\n

Iceland and Russia ended weak, while Austria closed flat.<\/p>\n

In the UK market, AstraZeneca soared 11.2%, GSK climbed about 6.2% and Hikma Pharmaceuticals surged 5.75%.<\/p>\n

JD Sports Fashion jumped nearly 7%. Melrose Industries rallied 3.6%. Land Securities, Centrica, Croda International, Standard Chartered, Spirax Group, Berkeley Group Holdings, Ashtead Group and Weir Group also closed sharply higher.<\/p>\n

British baker and fast-food chain Greggs climbed 6.3% as it reported 6.1% sales growth over the third quarter of 2025.<\/p>\n

Spirits major Diageo moved up by about 1.3% after pricing \u20ac1 billion of fixed rate bonds under its European Debt Issuance Program.<\/p>\n

Babcock International, Tesco, Coca-Cola HBC, Games Workshop and Imperial Brands lost 2 to 4%. Antofagasta, Auto Trader Group, IAG, Relx, Howden Joinery, Beazley, Experian and Sainsbury (J) also ended notably lower.<\/p>\n

In the German market, Merck zoomed more than 10%. Bayer gained about 5%. Siemens Energy rallied 4.7%.<\/p>\n

Adidas, Qiagen, RWE, Brenntag, Mercedes-Benz, Continental and Allianz also closed with strong gains.<\/p>\n

Rheinmetall, Scout24, Daimler Truck Holding, Deutsche Boerse and Beiersdorf closed weak.<\/p>\n

In the French market, Sanofi surged about 8.5%. ArcelorMittal climbed more than 5%. Stellantis, Schneider Electric, Engie, Eurofins Scientific, Vivendi, Credit Agricole, BNP Paribas, Saint-Gobain, Michelin and Edenred gained 1 to 3.5%.<\/p>\n

Thales, Danone, Pernod Ricard, Orange, Legrand, L’Oreal and Safran closed weak.<\/p>\n

In economic news, UK house prices growth accelerated in September amid easing borrowing costs, data from the mortgage lender Nationwide Building Society showed. House prices logged an annual growth of 2.2% in September, slightly faster than the prior month’s 2.1% rise. The annual increase was forecast to ease to 1.8%. <\/p>\n

On a monthly basis, house prices rebounded 0.5% after a 0.1% drop in August. This was also faster than economists’ forecast of 0.2%.<\/p>\n

Data showed that house prices climbed 0.4% in the third quarter from the preceding quarter. Compared to the last year, house prices increased 2.3%.<\/p>\n

The S&P Global UK Manufacturing PMI dropped to 46.2 in September 2025, a five-month low and well below the 50.0 growth threshold, marking a twelfth straight month of contraction, in line with preliminary estimates, data drom S&P Global showed.<\/p>\n

Data from S&P Global showed the HCOB Germany Manufacturing PMI was revised higher to 49.5 in September 2025 from a preliminary of 48.5, and compared to 49.8 in August, indicating nearly stagnant conditions in the manufacturing sector. <\/p>\n

Flash estimate from Eurostat showed Eurozone inflation accelerated in September on services and food prices. Inflation rose to 2.2% in September, in line with forecast, from 2% in August. Meanwhile, core inflation held steady at 2.3%.<\/p>\n

On a monthly basis, the harmonized index of consumer prices edged up 0.1% in September. <\/p>\n

The HCOB France Manufacturing PMI fell to 48.2 in September from 50.4 in August, compared with a flash reading of 48.1, data from S&P Global showed.<\/p>\n

Eurozone manufacturing activity worsened in September reflecting a reduction in new orders and a sharper fall in job shedding, final purchasing managers’ survey data compiled by S&P Global showed.<\/p>\n

The HCOB manufacturing purchasing managers’ index fell to 49.8 in September from 50.7 in August. The reading was above the flash estimate of 49.5.<\/p>\n

Flash estimate from Eurostat showed Eurozone inflation accelerated in September on services and food prices. Inflation rose to 2.2% in September, in line with forecast, from 2% in August. Meanwhile, core inflation held steady at 2.3%.<\/p>\n

On a monthly basis, the harmonized index of consumer prices edged up 0.1% in September. <\/p>\n<\/p>\n<\/div>\n