Why it matters
- The STOXX 600 was at about 661.74 around 13:40 GMT on Thursday, Nov. 5, up 0.66% from Wednesday, Yahoo Finance data showed. That is above its record close of 660.51 from Aug. 11.
- The Bank of England raised Bank Rate by 0.25 point to 4% in an 8-1 vote, its statement said. The FTSE 100 was up about 0.81% at 10,916.47.
- Rheinmetall fell about 15.5% after cutting its 2026 guidance, CNBC and Trading Economics reported. Banks, luxury and consumer stocks led, while defense, energy and chip stocks lagged.
Session recap: what happened in this region's trading day, with sources.
European stocks extended their post-election rally on Thursday, Nov. 5. The STOXX 600 was at about 661.74 around 13:40 GMT, up 0.66% from Wednesday's close, according to Yahoo Finance data. That is above the index's record close of 660.51 from Aug. 11, Yahoo Finance data show, and Trading Economics called it a fresh record high. The Bank of England raised interest rates at noon London time.
| Market, about 13:40 GMT | Level | Change vs. Wednesday, Nov. 4 |
|---|---|---|
| STOXX Europe 600 | 661.74 | +0.66% |
| Euro STOXX 50 | 6,307.25 | +0.66% |
| DAX (Germany) | 26,630.55 | +0.73% |
| FTSE 100 (U.K.) | 10,916.47 | +0.81% |
| CAC 40 (France) | 8,270.91 | +1.14% |
| FTSE MIB (Italy) | 51,299.88 | +0.53% |
| IBEX 35 (Spain) | 19,646.90 | +1.42% |
Source: Yahoo Finance chart data. Levels are intraday, delayed and approximate.
Why are European stocks up today?
European stocks are up because the rally that followed the Democratic sweep of the U.S. Congress carried into a second day, Trading Economics said, with investors also focused on earnings. Luxury, banking and consumer stocks led, while energy, defense and technology lagged amid a global sell-off in AI-linked shares, it said.
What did the Bank of England decide?
The Bank of England raised Bank Rate by 0.25 percentage point to 4% in an 8-1 vote, its Monetary Policy Summary said. Catherine Mann voted for a half-point rise to 4.25%. The bank said higher energy prices have added to inflation pressure. "Monetary policy is not on a pre-set path," it said. Its next decision is due Thursday, Dec. 17. Trading Economics said it was the first rate rise in more than three years. Global Market News has the full story.
The FTSE 100 was up about 0.81% at 10,916.47 around 13:40 GMT. The pound was at about $1.3461 around 13:50 GMT, little changed from about $1.3476 at 12:00 GMT, Yahoo Finance data showed.
Which European stocks are moving?
Rheinmetall was down about 15.5% around 13:40 GMT, Yahoo Finance data showed, after the German defense maker cut its 2026 guidance because of contract and ammunition delays, CNBC reported. BAE Systems was down about 4.6%.
In London, Diageo was up about 2.6% after an unexpected rise in first-quarter sales, Trading Economics said. Banks gained: HSBC rose about 1.3%, Barclays 1.4% and Santander 2.4%, Yahoo Finance data showed. Trading Economics said LVMH rose 3.3% and Safran 3.6%.
Chip stocks fell with Asia. ASML was down about 2.8% and Infineon 3.4%, Yahoo Finance data showed. Deutsche Telekom fell after announcing a 2 billion euro share buyback that was smaller than expected, Trading Economics said.
What is moving bonds and oil?
Germany's 10-year Bund yield was about 3.27%, down about 1 basis point, Trading Economics said. The euro was at about $1.1222 around 13:50 GMT, Yahoo Finance data showed. January Brent rebounded to about $96.67 a barrel around 13:45 GMT, up about 2.2% from Wednesday's $94.62 settlement reported by CNBC.
Today's Asia session is in our Asia Thursday recap, and U.S. futures and this morning's data are in our day-ahead guide. Wednesday's session is in our Europe Wednesday recap.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Bank of England, Monetary Policy Summary and minutes, November 2026 (Nov. 5, 2026), Bank Rate and upcoming MPC dates
- CNBC, Dow futures rise more than 300 points after monster postelection rally: Live updates (Nov. 5, 2026)
- CNBC, Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war (Nov. 4, 2026)
- Trading Economics, Euro area stock market, U.K. stock market (FTSE 100) and Germany 10-year Bund yield
- Yahoo Finance, chart data for the STOXX 600, Euro STOXX 50, DAX, FTSE 100, CAC 40, FTSE MIB, IBEX 35, Rheinmetall, BAE Systems, Diageo, HSBC, Barclays, Santander, ASML, Infineon, January Brent, EUR/USD and GBP/USD