Stoxx 600, FTSE, DAX, CAC

LONDON – European stocks were higher on Thursday, tracking their global counterparts as the US government shutdown ended.

The pan-European Stocks 600 was about 0.1% higher at 9:49 a.m. (4:49 a.m. ET) in London, with sectors mixed.

of the UK FTSE 100 index and of Germany DAX Thursday was in the red, down 0.28% and 0.22% respectively. In contrast to France CAC 40 0.53% increased and that of Italy FTSE MIB was up 0.29%. of Spain Ibex 35 Edges upwards.

Looking at individual stocks, pharmaceuticals fared well in the first hour of trading. Denmark’s ALK and Zealand Pharma rose 11% and 4.48% respectively.

ALK raised its guidance on Wednesday. The firm now expects 13-15% growth in local currencies, a slight increase from its previous 12-14%. The firm said there was growth across all sales areas and product lines.

BurberryShares of rose to 7% After the luxury brand Reported Comparable store sales growth for the first time in two years. Its second-quarter comparable sales rose 2% from the previous quarter, ahead of a 1% increase expected by analysts, according to Reuters estimates. Growth was boosted by growth of 3% in the US and China respectively, indicating that the firm’s turnaround efforts are starting to pay off.

Meanwhile, Siemens Healthineers fell 2.5% on reports that Siemens, which spun off the medical technology company in 2017, will give its own investors a 30% stake in the young company.

Energy stocks were volatile on Thursday as investors reacted to a report from the International Energy Agency, which lifted oil supply estimates. Shell And equinox lower edge, B.P 1.55% lost and ENI was down 0.15%. TotalEnergies, bucking the trend, rose 0.74%. The IEA report, which suggests that “peak oil” is further away than initially thought, comes as the COP30 climate summit takes place in Brazil.

Investors in Europe will be keeping an eye on earnings reports Siemens, Deutsche Telekom, Enel, Merck, Aviva And Alstomwith others.

On the data release, the UK economy grew by 0.1% in the third quarter, according to new preliminary figures from the Office for National Statistics in the last major economic data release before the Autumn Budget.

“It’s clear that the summer of 2025 has been a bit of a disappointment,” said Sanjay Raja, chief UK economist at Deutsche Bank, adding that the investment bank does not expect inflation and unemployment to rise by the end of the year.

“We expect budget uncertainty to impact spending in October and November,” Raja said. “And we expect major investment or hiring decisions to be delayed until the new year. Overall, we still expect annual GDP to grow by 1.4% in 2025, but downside risks to our 2026 forecasts are already building.”

European Union industrial production data will also be released on Thursday.

Asia-Pacific shares Mainly rose and US stock futures US President Donald Trump marked an overnight high after signing a funding bill into law, effectively ending the longest federal shutdown. Government shutdown In US history.

The measure, which would fund government operations through the end of January, was approved by the House of Representatives on Wednesday night by a vote of 222-209.

— CNBC’s Elsa Ohlen, Dan Mangan and Emily Wilkins contributed to this market report.