European stocks rebounded sharply

European stocks closed at a sharp high on Wednesday and reached a high for the first time in about 3 weeks. While the Fed's interest rate cut observations intensified with data from the US, investors continued to evaluate risks surrounding political uncertainty on the European continent.

The Eurozone's Stoxx 50 Index rose 1.3% and closed at 4,968, which is a three-week high.

Since US service sector and labor market indicators remained soft, discussions on the FOMC's side of the pigeon faction intensified, and stocks with exposure to Wall Street were supported.

High-tech stocks led the rise, and ASML, which has the largest market capitalization at the Stock Exchange 50, benefited from lower bond yields and rose 2%.

BNP Paribas, Intesa Sanaporo, and Santander each rose 25% or more.

Outside the currency area, Maersk, which withdrew from sale negotiations with DB Schenker, rose nearly 4%.