European stocks jump on Wednesday, SAP lifts sentiment

By Aya El Sayed On Apr 23, 2025

European stocks surged on Wednesday, lifted by strong quarterly results from SAP, the continent’s largest software maker, and easing investor concerns after US President Donald Trump reversed course on threats to dismiss Federal Reserve Chair Jerome Powell.

The pan-European STOXX 600 index rose 2.47 per cent by 10:08 GMT. Germany’s DAX gained 2.76 per cent, while France’s CAC 40 advanced 2.27 per cent.

The UK’s FTSE 100 lagged slightly behind with a 1.27 per cent rise, and Spain’s IBEX 35 edged up 1.41 per cent.

Attribution: Investing.com, Amwal Al Ghad English, Reuters

Subediting: Y.Yasser

Bank of England Bank of England (BOE)CAC-40 consumer price data DAX index economic data EU tariffs European Shares