[MARKET ANALYSIS] European bourses gain with Tech outperforming after strong CRWV results boost sentiment

European bourses (STOXX 600 +0.6%) are entirely in the green, building on the prior day’s advances. Sentiment remains firmer amidst ongoing trilateral talks between US-Russia-Ukraine, and with mediation efforts between US-Iran also helping. Crude benchmarks have stabilised today, but reside near multi-month lows. European sectors hold a strong positive bias. Tech is the clear outperformer, taking lead from strong performance in the AI/tech space overnight, following on from strong CoreWeave earnings (detailed below). The KOSPI closed with gains of 2.6%, with SK Hynix (+5.3%) and Samsung Electronics (+3.6%) both moving off recent lows. Elsewhere, Basic Resources and Energy complete the top three. To the downside resides Food Beverage & Tobacco, albeit losses are only modest. Key Movers: Alcon (-7.2%, decent results but tightened 2026 outlook), ABN AMRO (+1.6%, NII beat and lifted commercial NII guidance), Brenntag (-4.3%, Q3 EBITDA missed consensus), Siemens Energy (+7.4%, Net, Revenue & Profit beat, Orders miss. Increasing buyback and dividend), RWE (+0.6%, adj. EBITDA and Net Income higher Y/Y. FY Net Income seen at the upper end of the range). US equity futures are broadly firmer this morning, with outperformance in the NQ after CoreWeave brings some optimism back to the tech sector. Shares are currently higher by 7.9% in pre-market trade after the Co. beat on revenue and lifted guidance.