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European Markets Hit Record Highs; Defence Rises, Fed Likely Pause

7/4/2026

32 2 Full Breakdown

Summary

Story summary

The STOXX 600 hit a record of 652.35 on Friday, closing 0.7% higher and marking its biggest weekly jump since mid-May.
Germany’s DAX hit an all-time high, rising 0.8% as Siemens climbed 2.6% after an upgrade.
Defence stocks rose 0.7% after Russia’s deadliest strike on Ukraine raised spending hopes.
U.S. jobs data suggested a Federal Reserve (Fed) delay while the ECB was seen raising rates by 23 basis points.

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Story summary

The STOXX 600 hit a record of 652.35 on Friday, closing 0.7% higher and marking its biggest weekly jump since mid-May.
Germany’s DAX hit an all-time high, rising 0.8% as Siemens climbed 2.6% after an upgrade.
Defence stocks rose 0.7% after Russia’s deadliest strike on Ukraine raised spending hopes.
U.S. jobs data suggested a Federal Reserve (Fed) delay while the ECB was seen raising rates by 23 basis points.