European indexes closed higher: DAX +0.32%, FTSE +0.78%, CAC +0.80%, STOXX +0.49%, IBEX +0.69%, MIB +0.88%

European indexes closed higher: DAX +0.32%, FTSE +0.78%, CAC +0.80%, STOXX +0.49%, IBEX +0.69%, MIB +0.88%

European financial markets closed higher on September 10, 2025, with the DAX up 0.32%, FTSE 100 rising 0.78%, CAC 40 gaining 0.80%, STOXX up 0.49%, IBEX 35 increasing 0.69%, and MIB up 0.88%. These gains reflect investor confidence in the region's economic recovery and the resilience of global financial markets.

Kraken, a prominent cryptocurrency exchange, has expanded its xStocks service to the European Union, marking a significant strategic move. The service allows clients in the region to trade digital versions of popular equities like Tesla and Nvidia, further diversifying Kraken's offerings . This expansion is part of Kraken's broader corporate strategy, which includes seeking $500 million in new funding ahead of a potential 2026 IPO. The company's recent acquisition of prop trading platform Breakout also signals its commitment to growth and innovation .

The xStocks service, powered by Swiss firm Backed, offers 24/5 trading, removing friction from traditional market hours and settlement delays. Since its launch in June, xStocks has generated over $3.84 billion in volume, demonstrating strong market demand . Kraken's move into the European market positions it against competitors like Gemini and traditional finance giants entering the tokenized securities space.

Klarna's IPO has injected new vitality into the U.S. IPO market. The company's stock, KLAR, opened at $52, a 30% increase over the IPO issue price, and closed with a 14.55% gain, valuing the company at approximately $20 billion . Sequoia Capital, Klarna's largest investor, saw its holdings rise to $3.2 billion based on the IPO price. Klarna's successful IPO has driven the total fundraising amount for initial public offerings this year to $25.7 billion, representing a 26% increase compared to the same period last year .

Klarna's decision to go public comes at a time when the U.S. IPO market is recovering. The company's expansion into banking products and its partnership with Visa to launch a debit card reflect its transformation from a BNPL service provider to a comprehensive financial services provider . The success of Klarna's IPO has boosted confidence in the fintech industry, with peer Affirm's stock price rising 132% over the past year. Other companies, such as the cryptocurrency exchange Gemini, are also planning to go public, continuing the tech IPO surge this year.

The European market's positive performance and the successful IPOs of Kraken and Klarna suggest a robust recovery in global financial markets. These developments indicate that investors remain optimistic about the future of both traditional and innovative financial services.