European stock markets finished Wednesday higher. This was the third day of good news for investors. Global markets also improved. This happened because oil prices went down. This helped ease worries about supply.
Geopolitical tensions in the Middle East continue. However, markets showed strength. Asian markets like Japan's Nikkei also saw big gains. Lower oil prices helped risky investments. This created a more positive trading mood.
Technology company NVIDIA also gave a good outlook. This further boosted market feelings. The energy sector saw a small drop. But this did not stop the overall positive trend. The STOXX 600 index in Europe went up by 0.5%.
Meanwhile, the US dollar became weaker. People are waiting for the US Federal Reserve's decision. They want to know about interest rates. They also want to know how long rates will stay high. This made the dollar weaker against other currencies. The euro was strong.
The European Central Bank (ECB) will also announce its interest rate decision soon. The euro's performance has been mixed. Most people think the ECB will keep rates the same. ECB officials have said they do not need to change policy now. Inflation is close to their target. However, some experts are careful. They worry about high energy prices.
These events show Europe's growing economic power. Investments are going into clean energy and technology. The European Investment Bank is helping to fund these projects. This shows Europe wants more energy security and to make its own technology.