European stock markets continued their upward trajectory on Tuesday, November 10, 2026, supported by falling oil prices and a rebound in tech shares following last week’s decline. The optimism was further bolstered by hopes for peace in Iran and ongoing trilateral talks on Ukraine in Abu Dhabi. Investors are now eagerly awaiting US inflation figures, which are expected to be the week’s primary market mover. Meanwhile, US futures showed mixed results, with Nasdaq contracts trading lower.
The FTSE MIB led the gains among European indices, while other major markets like Paris (CAC 40), Frankfurt (DAX 40), and Amsterdam (AEX) also saw steady rises. Tech shares, in particular, attracted renewed interest after a slump triggered by the Democratic victory in the US mid-term elections. However, caution remains high due to regulatory risks and concerns over the sector’s ability to justify its high valuations.
Tensions in the tech sector were heightened by the upcoming IPO of Anthropic, which faced last-minute uncertainty after a leaked prospectus indicated a fundraising target of $69.3 billion, later described as outdated. The figure was lower than the company’s previous goal to match SpaceX’s record-breaking debut. Despite this, positive signals from Infineon Technologies and TSMC fueled optimism, with Infineon raising its sales forecasts for data centers and TSMC reporting a 60% year-on-year revenue increase in October.
On the Milan Stock Exchange, shares of Technoprobe, Prysmian, and Stmicroelectronics saw strong buying activity. Elsewhere in Europe, Infineon Technologies, Be Semiconductor, and ASM International stood out. Analysts at Banca Akros noted that TSMC’s guidance for the fourth quarter implies year-on-year growth of between 55% and 60% for November and December, reinforcing the strong demand for semiconductors.