Daily Market Report – June 11, 2026
Markets
The stock markets trended positively on Thursday. The STOXX Europe 600 (SXXP) gained 0.5 percent, thereby ending a four-day losing streak. Support came primarily from the technology sector, while investors viewed the recent interest rate hike by the European Central Bank as largely priced in. The DAX (DAX) also increased. In the bond markets, the yields on short-term government bonds rose slightly. Oil prices remained elevated due to tensions in the Middle East.
Company
Among the strongest gainers were again the European semiconductor stocks. ASM International (ASM) and BE Semiconductor Industries (BESI) benefited from the expectation of persistently high investments in data centers and AI infrastructure. According to Goldman Sachs, the five largest hyperscalers – Alphabet, Amazon, Meta Platforms, Microsoft, and Oracle – will invest approximately $755 billion this year in data centers, AI infrastructure, and other tangible assets.
In the consumer sector, Hugo Boss (BOSS) came into focus. The stock rose significantly after a takeover bid from the Frasers Group.
The stock of the software company Oracle (ORCL) fell significantly, even though the figures for the fourth quarter were actually good. Revenue rose to $19.2 billion (+21%). The stock still declined, as Oracle announced investments of around $90–95 billion for the upcoming fiscal year – significantly more than analysts had expected. The free cash flow is currently at a deficit of around $24 billion over the last four quarters due to high capital expenditures. Oracle will raise $40 billion through debt and equity in the upcoming fiscal year to finance growth and capex.
Macroeconomics
The European Central Bank raised the deposit rate by 25 basis points to 2.25 percent. At the same time, it raised its inflation forecast for 2026 to 3.0 percent and lowered the growth expectation for the Eurozone to 0.8 percent. The central bank is responding to the rising energy prices and increasing inflation risks.