European stock markets rise amid commodity price increases

European stock markets opened higher on Wednesday, driven by optimism in the artificial intelligence sector. Major indices including the STOXX Europe 600, Euro Stoxx 50, FTSE 100, DAX, CAC 40, FTSE MIB, and IBEX 35 all recorded gains at the start of trading.

Investor interest in AI-related technology stocks remains strong, supported by positive business outlooks from companies like CoreWeave and anticipation surrounding Anthropic’s planned market debut. However, market sentiment is tempered by higher-than-expected US inflation data for October and hawkish signals from the Federal Reserve, which have increased expectations for further interest rate hikes.

In the commodities market, prices for crude oil, natural gas, and gold have also risen. Brent crude oil was trading around $92 per barrel, while WTI exceeded $86. While oil prices saw a dip previously due to hopes of easing US-Iran tensions, recent ship attacks near the Strait of Hormuz have pushed prices upward again.