European Stocks Gain Amid Rush of Earnings; Energy Rallies

October 23, 2025 at 7:23 AM UTC

Updated on

October 23, 2025 at 3:58 PM UTC

European stocks rose as traders parsed through a flurry of earnings. Energy shares were lifted by higher oil prices following US sanctions on Russian producers.

The Stoxx Europe 600 closed 0.4% higher. Energy stocks outperformed as Brent crude jumped 5.7% after the US blacklisted state-run Russian giant Rosneft PJSC and Lukoil PJSC, citing Moscow’s lack of commitment to peace in Ukraine. Shell Plc climbed 2.9%.