European stocks rise with CAC 40 up 1.20%

European shares rose Tuesday, with France’s CAC 40 up 1.20% shortly after the open, as a technology rebound spread from Wall Street, Euronews reported in a Nov. 10 market report.

The move extended Monday’s advance and outpaced the UK’s FTSE 100, which gained 0.73%, by 0.47 percentage point, according to Atlas360 calculations. Germany’s DAX advanced 1.14%.

US futures edged higher and oil prices fell at the same time, helping sentiment after last week’s pressure on technology shares. Investors were also waiting for October US inflation data, a release that can affect expectations for interest rates and equity valuations.

“It’s quite remarkable to think investors were showing signs of panic less than a week ago, and now markets are merrily pushing higher as if there’s nothing to worry about,” Russ Mould, investment director at AJ Bell, said.

AI-linked companies led the Asian leg of the rebound. Taiwan’s Taiex rose 2.5%, South Korea’s Kospi gained 4.5%, and Japan’s Nikkei 225 closed 2.9% higher, with chipmakers among the strongest performers.

Atlas360 reported earlier Tuesday that South Korean stocks jumped as foreign buying and lower oil prices lifted Seoul equities, while the won softened and bond yields edged up. Japan’s Nikkei 225 also gained as crude prices fell following signs of easing military tensions involving Iran.

Taiwan Semiconductor Manufacturing Co., which makes chips used in AI systems, reported October revenue growth of 59.7% from a year earlier. The figure underscored that demand for AI-related semiconductors remained strong even as investors questioned the cost of building new computing infrastructure.

SoftBank Group, an investor in OpenAI, rose 13.9% before its earnings release later Tuesday. The gain followed a drop Monday to its lowest share price in a year.

In New York on Monday, Amazon, Microsoft and Apple were among the technology companies that rose as investors bought shares after the earlier selloff. Nvidia traded 1% higher in premarket dealing Tuesday despite President Donald Trump saying the FBI was looking into chief executive Jensen Huang’s involvement with an alleged Chinese spy.

“Certain investors might have taken the view that whatever happens to Jensen Huang, the company will continue to dominate the AI chip space,” Mould said.

The rebound did not settle the debate over whether AI spending will generate enough returns. Stephen Innes of SPI Asset Management wrote that “the market rallied because the sellers stepped away, not because the entire buy-side suddenly rediscovered its courage.”

Innes said companies receiving large capital expenditure orders outperformed the businesses funding them for a second session. He wrote that equipment providers, optical networking companies and selected data-centre suppliers could still benefit from existing spending programmes, even as investors became more selective about the economics for the companies paying for new infrastructure.

China added another support for the regional tone. Customs data released Tuesday showed exports in October climbed 35.2% from a year earlier, while imports grew 41.6%. China’s trade surplus for the first 10 months of 2026 already exceeded $1 trillion.

Oil prices also helped the equity rally. Brent traded around $90 a barrel and US benchmark WTI stood at about $84.70 after both main contracts fell more than 2.5% by 10:30 CET Tuesday. Brent had dropped almost 6% Monday.

Both main oil contracts have lost around 20% this month as traders bet on a resolution to the more than eight-month-old Iran war, which has lifted inflation and pushed central banks toward higher interest rates.

Trump said Monday there was “positive momentum” toward ending the war after meeting Qatar’s prime minister at the White House. He said further strikes were “quite unlikely,” while keeping the option open.

“Markets are increasingly taking the view that Donald Trump needs to forge a new path if he wants to save face from the midterm election washout, and that might mean finding a way to end the Iran war,” Mould said.

Currency moves were limited. The dollar rose to 157.91 yen from 157.90 yen early Tuesday, while the euro slid to $1.1249 from $1.1266.

SoftBank’s earnings release later Tuesday, Nov. 10, will test whether the 13.9% pre-results gain can hold after the stock fell Monday to a one-year low.

The October US inflation data awaited by investors will be the next macroeconomic check on whether lower oil prices are easing pressure on consumers, companies and central banks.

Source: market report, Euronews, Nov. 10, 2026