Focus: EuropeMarket Close: Mon, 02 February 2026
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European equities advanced across the board today, with the FTSE 100 leading gains amid broader market optimism and a notable decline in volatility as measured by the VSTOXX. Financials and consumer discretionary sectors outperformed, reflecting renewed investor confidence in economic recovery plays, while energy lagged on softer commodity sentiment.
- Investors looked past the commodity rout and focused on better-than-expected Eurozone data, including rebounding manufacturing output.
- Sector rotation supported gains: Financials (banks up significantly, hitting multi-year highs in some cases) and healthcare led advances, with defensives and cyclicals attracting flows. AstraZeneca rose notably after its NYSE listing move.
- Broader optimism around corporate earnings season starting soon, combined with Europe's outperformance versus the U.S. in recent months
- Standout individual performers included luxury and e-commerce names, underscoring selective rotation toward consumer-facing growth areas.
- The FTSE 100 showed particular resilience, hitting a new record close despite some mining exposure, buoyed by domestic strength.
Overall, the environment favors risk assets, with our signals highlighting emerging opportunities in oversold setups.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade shortlist highlights a single high-probability Pending Medium-Term Reversal long setup in the industrials sector, targeting a multi-week rebound from oversold conditions. With a solid hit rate and improving medium-term momentum, this opportunity aligns with broader market rotation toward value-oriented names. The focused nature of the list underscores our commitment to quality, providing clear entry points for 1-4 week horizons.
| Q | Target | Δ% | Hit% | ||
| Sweco Ab-B (SWECB:XSTO) ▲ | -4.7 |
↑
156.24
+4.9%
67%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week. |
Market Movements
Major European indices posted solid gains, led by the FTSE 100 at 1.15% while the CAC 40 trailed slightly at 0.67%, with volatility easing sharply as the VSTOXX dropped 9.39%. Financials topped sector performance at 1.51%, followed by consumer discretionary and information technology, whereas energy declined 0.65% amid sector-specific pressures. Consumer names like PANDORA and PUMA drove the upside, contrasting with losses in materials and utilities. What this means: The broad-based advance signals improving risk appetite, with lower volatility supporting further equity gains; Pending Medium-Term Reversal signals on key movers like PANDORA reinforce potential for sustained momentum in select areas.