Stoxx

• European stock markets, including the Stoxx 600, FTSE, DAX, and CAC, pushed higher on Friday as investors reacted to global geopolitical and economic trends. • Market participants are closely monitoring the escalating tensions between the U.S. and Iran alongside a series of new economic reports. • In Germany, the GfK Consumer Confidence report for June showed a slight improvement, with the indicator rising from -33.1 to -29.8 due to better income expectations.

• AI infrastructure and semiconductor stocks have driven over two-thirds of the STOXX Europe 600's gains since April, according to TS Lombard strategist Davide Oneglia. • Reported by Seeking Alpha on May 20, 2026, the data highlights a heavy market concentration in chipmakers and AI compute suppliers. • This trend is significant as these specific tech sectors are offsetting a broader macroeconomic slowdown across Europe.