European stocks gained on Wednesday, with Adidas propelling Germany’s DAX to a record peak. The STOXX 600 rose 0.5%, hitting its highest since late September 2024.
Healthcare stocks led gains, up 1.1%, boosted by Novo Nordisk’s 2.7% rise. Adidas shares soared 6% after strong holiday-quarter results, while Puma climbed 2.5%.
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Germany’s DAX outpaced other indices, up 0.9%, despite concerns over potential U.S. tariffs on EU and Chinese goods.
Elsewhere, Schaeffler plunged 15% following disappointing preliminary 2024 results.
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