European stocks close higher as region's chip stocks surge

January 15, 2026

TL;DR

The pan-European Stoxx 600 index rose by 0.6%, with most sectors and major bourses trading higher.
ASML and BE Semiconductor experienced significant stock price increases following stronger-than-expected earnings from TSMC, which reported a 35% rise in fourth-quarter profit driven by AI chip demand.
UniCredit denied reports of planning to buy a stake in Banca Monte dei Paschi di Siena, calling the rumors speculative and unjustified.
High-level meetings between the U.S., Denmark, and Greenland officials regarding the ownership of the Arctic island concluded with a 'fundamental disagreement'.
Richemont, a luxury goods company, reported a 4% year-on-year increase in third-quarter sales to 6.4 billion euros, though its shares closed nearly 2.1% lower.
UK's Gross Domestic Product (GDP) for November showed a 0.3% growth, slightly exceeding economists' expectations of 0.1%.
Iran reopened its airspace early Thursday after a temporary closure.
U.S. President Donald Trump made statements regarding the potential acquisition of Greenland and threatened military action against Iran, though later softened his tone on the latter.

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