Why did European shares reach a record high on February 3rd, 2026?

European shares reached a record high on February 3rd, 2026, due to a stabilization in global commodity markets and positive corporate earnings reports.

Which companies influenced the European stock market's record high?

Amundi, Europe's largest asset manager, and German semiconductor wafer supplier Siltronic influenced the market with strong fourth-quarter earnings reports.

What factors caused pressure on commodity-linked stocks recently?

Pressure on commodity-linked stocks stemmed from a slump in precious metal prices and a hike in CME margin requirements, along with the nomination of a policy hawk for the U.S. Federal Reserve chair.

Home / Business and Economy / European Stocks Hit Record High Amidst Market Stabilization

European Stocks Hit Record High Amidst Market Stabilization

3 Feb

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Summary

European shares reached a record high on Tuesday.
Commodity markets showed signs of stabilization.
Key earnings reports from Amundi and Siltronic influenced the market.

European Stocks Hit Record High Amidst Market Stabilization

European stock markets achieved a new record high on Tuesday, February 3rd, 2026, signaling a stabilization in global commodity markets that had recently experienced a downturn. The pan-European STOXX 600 index rose by 0.8% by 0816 GMT, with the basic resources sector leading the gains.

This market recovery followed a period of pressure on commodity-linked stocks, influenced by a slump in precious metal prices and a hike in CME margin requirements. The nomination of a policy hawk as the next U.S. Federal Reserve chair also contributed to market shifts.

Corporate earnings provided additional market impetus. Europe's largest asset manager, Amundi, saw its stock jump by 4.7% after surpassing expectations for fourth-quarter net inflows. Similarly, German semiconductor wafer supplier Siltronic reported preliminary fourth-quarter results that exceeded market forecasts for both core profit and revenue, leading to a 2.5% increase in its shares.