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European Stocks Rise as Investors Eye US Inflation DataBrussels, 11 Aug (ONA) — European stocks rose today, continuing their strong momentum from last week as investors focused on upcoming US inflation data and tariff negotiations later this week.
The Stoxx 600 European index rose by 0.3%, hovering near its highest level since July 31.
Meanwhile, the share of the German defense company Rheinmetall fell by 3.7%, and shares of Rheinmetall and Hensoldt declined by 3% and 2.1%, respectively.
The Orsted shares plunged 22% after the Danish wind farm developer announced plans to issue a rights offering to shareholders worth 60 billion Danish kroner ($9.4 billion).
Northern Data’s shares also dropped about 3% after Rumble, a US video platform and cloud service provider, said it was weighing a bid of nearly $1.17 billion for the German cloud AI group.— Ends/AH
