European stocks extend gains, Italy's FTSE MIB index up 2.00%, Euro Stoxx 50 index up 2%, Germany's DAX index up 1.7%, and France's CAC 40 index up 1.48%.

European stocks extend gains, Italy's FTSE MIB index up 2.00%, Euro Stoxx 50 index up 2%, Germany's DAX index up 1.7%, and France's CAC 40 index up 1.48%.

European stock markets extended their upward trend on Friday, May 12, 2025, with significant gains across major indices. The Italian FTSE MIB index surged by 2.00%, the Euro Stoxx 50 index rose by 2%, Germany's DAX index increased by 1.7%, and France's CAC 40 index climbed by 1.48%.

The FTSE MIB index, which represents the performance of the largest Italian companies, closed at 38,974.30, up 1.71% or 654.41 points. The index was driven by strong performances from companies such as Prysmian SpA, which gained 5.82%, Iveco Group NV, which rose 3.61%, and BPER Banca SpA, which climbed 3.43% [3].

The Euro Stoxx 50 index, a benchmark for the 50 largest European companies, closed at 5288.94, up 58.75 points or 1.12%. This marks the index's highest closing value since Wednesday, April 2, 2025, and the largest one-day gain since May 2, 2025. The index is up 8.03% year-to-date and 14.43% from its 2025 closing low [4].

Germany's DAX index, which tracks the performance of 30 leading German companies, closed at 17,895.63, up 1.7% or 299.86 points. The index is up 3.3% year-to-date and 12.9% from its 2025 closing low [1].

France's CAC 40 index, which represents the top 40 companies listed on the Paris Stock Exchange, closed at 7,813.76, up 1.48% or 114.46 points. The index is up 3.2% year-to-date and 12.8% from its 2025 closing low [1].

The positive sentiment in European markets was bolstered by optimism over potential trade agreements that might end U.S. tariffs. However, the market's performance was tempered by President Donald Trump's statement on Truth Social about imposing an 80% tariff on China, which partly offset the positive sentiment [1].

References:
[1] https://www.nasdaq.com/articles/lower-open-likely-china-stock-market
[2] https://www.infinhub.com/news/stock-market-news/italys-ftse-mib-index-surges-1-71-as-top-companies-lead-market-gains-39236?cid=15
[3] https://www.tradingview.com/news/te_news:458108:0-the-ftse-mib-index-closes-1-71-higher/
[4] https://www.morningstar.com/news/dow-jones/2025050812241/euro-stoxx-50-index-ends-112-higher-data-talk