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European markets started 2025 in positive territory on Thursday.
General Europe Stoxx 600 the index was 0.28% higher by 8:11 a.m. London time, when regional bourses reopened after the New Year holiday.
Oil, gas and mining stocks led the gains and were last up 1.47% and 1.32%, respectively. Meanwhile, banks fell 0.1% and media stocks fell 0.33%, making them the only two sectors to retreat.
Major regional bourses also rose on Thursday, along with the UK FTSE 100 adding 0.29%, France CAC 40 growth of 0.21% and Germany DAX climbing 0.55%.
No major earnings or data on Thursday.
Asian stocks traded mixed overnight, with Chinese shares suffering losses as several major markets resumed trading after the New Year holidays.
US Stock Futures were slightly higher when bidding began in 2025. Traders hope that the market can regain the momentum that has pushed it to two consecutive years of annual gains of more than 20%.
Although U.S. stocks fell in weak trading in the final days of 2024, the year still delivered solid gains; The S&P 500 is up 23% in the past year, while the 30-share Dow has added nearly 13%. Fueled by enthusiasm around artificial intelligence and lower interest rates, Nasdaq Composite surpassed with 29% ahead.
Investors on Thursday will likely appreciate the impact deadly attack in new orleans on New Year’s Day, which is being investigated as a possible act of terrorism.
The FBI said the suspect who drove the truck into the crowd may not be “solely responsible” for the incident that killed at least 15 people.
— CNBC’s Christina Cheddar Burke and Sophie Kidderlin contributed to this market report
