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PASSENGERS face further disruption in Europe as an Italian airport remains closed following a volcanic eruption for yet ANOTHER day.

Catania Airport in Sicily has been forced to cancel hundreds of flights since the weekend due to Mount Etna erupting and will remain closed until at least tomorrow.

Over the past few days, 700 flights have been cancelled with others diverted to neighbouring airports including Palermo.

As a result of the disruption, families who have had their flights cancelled have been left stranded, with videos on social media showing travellers sleeping on the airport floor and even luggage belts.

In its latest statement, the airport said: “Due to Mount Etna’s eruptive activity, the closure of Sector B3 has been extended, resulting in the suspension of arrivals and departures until 2:00 AM on August 14.

“Passengers are kindly advised to check the status of their flight with their airline before heading to the airport.

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“Further updates will follow in the coming hours.”

Evgenia Filimianova, 39, was caught up in the chaos after flew to Sicily last week from London to attend a friend’s wedding.

However, when she was due to fly to Athens from Catania earlier this week, her flight was cancelled just 30 minutes before it was due to depart.

Evgenia said: “We were having a very nice day in Taormina, at the wedding, enjoying our time there, but we could see the eruption and the volcano spewing lava.

“The locals seemed very chill and we didn’t get any emergency texts or direction from the people at the hotel, so we weren’t too worried.

“But then I started reading about travel. As soon as there is ash, the airports start closing.”

She added that there were loads of people “sleeping on the floor” when they arrived at the airport, with most other flights and buses already booked up.

Catania Airport isn’t the only spot impacted by the eruption either – Malta International Airport cancelled 19 flights earlier this week as well, with more delayed today.

Great Britain’s Max Burgin and Ben Pattison finish first and second in their semi-final races to qualify for the 800m final, while Ireland’s Mark English also qualifies for the final after breaking the European Athletics Championship record time for the event.

FOLLOW LIVE: European Athletics Championships – day three

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If European states seize vessels with Russian cargo, Moscow will respond in kind ‘wherever necessary’, says Putin.

Russia’s President Vladimir Putin has threatened to seize European vessels if European states follow through on plans to seize more commercial ships with Russian cargo.

Putin delivered the warning on Wednesday while on board a Russian cruiser off the Pacific island of Sakhalin, where Russia’s navy was conducting a drill. He said Russia would be ready to carry out its own seizures “wherever we deem it necessary and appropriate,” according to Russia’s TASS news agency.

The statement comes after several European countries intercepted ships suspected of being part of Moscow’s so-called “shadow fleet”, carrying Russian oil in contravention of European sanctions.

New sanctions passed last month permit European Union members to sell the oil or any other cargo seized from the ships.

Putin appeared to reference the sanctions, saying some countries are trying to “restrict the movement of vessels belonging to our economic operators” and recently “came up with the idea of possibly seizing our ships and selling off property stolen from us”.

“If these plans are put into practice, we will have to respond in kind,” Putin said in comments carried by Russia’s RIA Novosti news agency, calling the moves “piracy and robbery”.

He said “relevant instructions” had already been delivered to Russia’s Ministry of Defence and Pacific Fleet, the naval fleet responsible for Russia’s maritime military interests in the Pacific.

NATO ‘making inroads in Asia Pacific’

Putin also accused the NATO military alliance of making inroads into the Asia Pacific region and heightening tension in the Arctic. “NATO is making inroads into the ‌region, new military-political blocs are being formed, and new weapons systems that pose a threat to Russia are ‌being deployed or are slated for deployment,” the Russian leader said.

Russia’s naval exercises in the West Pacific come a week before joint US-South Korean war games, designed to simulate a possible invasion from North Korea.

Tensions are high in the region amid accusations from Kyiv and Seoul that Pyongyang and Moscow are further intensifying their military cooperation.

On Tuesday, Ukraine’s President Volodymyr Zelenskyy accused Russia of using North Korean missiles in a deadly air raid across Ukraine. A day earlier, he had warned that Moscow was receiving more ballistic projectiles and troops from its ally Pyongyang, a development he said posed dangers not only for Ukraine but for countries in East Asia.

North Korean leader Kim Jong Un has already sent thousands of troops and plentiful supplies of weapons to support Putin’s four-year invasion.

European shares have started August 2026 in almost the opposite way to what their seasonal reputation would suggest.

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The EURO STOXX 50 and DAX are hovering near record highs, while the CAC 40 remains close to its peak. Yet August has historically been one of Europe’s weakest months.

That contradiction raises a more interesting question than whether investors should simply “sell in August”.

The data suggests August is not consistently a bad month. Instead, its poor reputation has been shaped by a small number of extraordinary market shocks.

European markets are defy ‘August curse’

European shares have started August 2026 in almost the opposite way to what their seasonal reputation would suggest.

The EURO STOXX 50 and DAX are hovering near record highs, while the CAC 40 remains close to its peak. Yet August has historically been one of Europe’s weakest months.

That contradiction raises a more interesting question than whether investors should simply “sell in August”.

The data suggests August is not consistently a bad month. Instead, its poor reputation has been shaped by a small number of extraordinary market shocks.

Germany’s DAX, which tracks the 40 largest companies on the Frankfurt exchange, tells the same story going back to 1970.

August has averaged a loss of 1.03%. September has averaged a loss of 1.64%.

France’s CAC 40, which tracks the 40 biggest companies in Paris, has data going back to 1988. August has averaged a loss of 1.22%. September has averaged a loss of 1.38%.

Three different countries, three different stretches of history — and exactly the same ranking. September worst, August second.

Yet August 2026 has looked nothing like that.

On 11 August, the EURO STOXX 50 closed at an all-time high above 6,560 points, up roughly 13% since the start of the year. The DAX moved above 26,450 for the first time, while the CAC 40 finished around 8,740 points.

So who is right — the calendar or the market?

The short answer: the calendar has a much weaker case than it appears.

The average August is not the typical August

An average is only useful when the numbers around it are relatively similar.

Picture five people walking into a room. Four earn €30,000 a year, one earns €1 million. The average income in that room suddenly looks far higher than what most people actually take home.

August equity returns have a similar problem. A handful of extreme crashes drag the long-term average sharply lower.

That is where the median becomes useful. It is simply the middle observation once every August return is ranked from worst to best, so half the years sit below it and half above — a better guide to what a typical August actually looks like.

For the EURO STOXX 50, the median August return is -0.19%, a very different picture from the -1.42% average. The typical August has been close to flat.

Five Augusts explain the damage

Most of the damage comes from five extraordinary episodes.

In August 1998, the EURO STOXX index fell 14.44% as Russia defaulted on domestic debt and devalued the rouble.

In August 1990, it dropped 13.82% after Iraq invaded Kuwait. August 2011 brought a 13.79% fall as the eurozone debt crisis intensified around Italy and Spain. In August 1997, the index lost 9.99% as the Asian financial crisis spread across the region, and in August 2015 it fell 9.19% when China devalued the yuan.

These were not ordinary corrections. They were global shocks that happened to land in August.

Strip out those five years and the EURO STOXX 50’s average August return flips from -1.42% to +0.17%. Five years out of 39 turn a seemingly weak month into a slightly positive one.

Why can August amplify a shock?

The explanation may have less to do with the month itself than with how markets function during the summer.

Europe effectively goes on holiday in August. Trading desks thin out and fewer investors are actively setting prices. That does not cause a sell-off on its own, but it can make markets more sensitive once one begins.

There are also fewer scheduled monetary-policy decisions. The European Central Bank’s latest meeting was in July, with its next scheduled decision not due until September.

The US Federal Reserve follows a similar summer gap, leaving markets with fewer major policy events to anchor expectations at precisely the moment liquidity is thinnest.

Then there is Jackson Hole. The Federal Reserve’s annual conference in Wyoming, held later in August, can become a major market event in its own right, particularly when investors are hunting for clues on interest rates.

This year’s gathering carries extra weight: it is Kevin Warsh’s first Jackson Hole address as Fed chair.

August therefore combines three potentially volatile ingredients: thinner liquidity, fewer scheduled policy events, and the possibility of a significant central bank signal arriving late in the month.

What makes August 2026 different?

The historical pattern is only useful if investors understand what has changed.

European equities entered August at or near record highs, underpinned by strong earnings expectations. Reuters reported that analysts had raised expectations for second-quarter earnings growth across the STOXX 600 to almost 21%, up from 12.5% in May — giving markets a fundamentally stronger backdrop than the historical average would suggest.

But there is another side to the ledger. The Middle East energy shock remains a risk for Europe: higher energy prices could push inflation back up while squeezing consumers and corporate margins at the same time.

Eurozone inflation eased to 2.8% in June, down from 3.2% in May, though a fresh energy shock could complicate the path back to the European Central Bank’s 2% target.

That leaves an unusual setup heading into the rest of the month.

So should investors fear August?

The historical record does not say European stocks must fall this month. In fact, the EURO STOXX 50 and DAX have both finished August higher almost half the time.

What history does show is more subtle: August is not necessarily Europe’s seasonal crash month. It is a month in which rare shocks have historically produced unusually large losses. That distinction matters in 2026.

Investors do not need to predict whether August will end higher or lower. The more useful question is whether markets, having just reached record highs, are sufficiently prepared for an unexpected shock arriving while liquidity is thin.

That is what the August pattern is really warning about — not a calendar effect, but a vulnerability.

Glave has made significant progress this season, breaking the 10-second barrier for the first time in legal conditions to win his first British title in June.

He has run sub-10 on six separate occasions, in all conditions, this season – including when he defeated the in-form Jacobs, a surprise Olympic champion five years ago, on his home turf in Italy.

That confidence was evident as Glave dominated his semi-final earlier in the evening, and he executed to perfection when it mattered most.

A talented junior, Glave was the fastest 17-year-old in the world in 2017 after he recorded a time of 10.21.

His progress has been disrupted by injury setbacks since, including a fracture in his back.

But, able to remain consistent with his training this year, Glave captured the gold medal he believed he was capable of winning two years ago.

The foundations of Glave’s recent progress has come from a focus on sharpening the first 40 metres of his race.

After hitting the front by the 30-metre mark, he never looked back – and continued running far beyond the finish line in celebration.

Great Britain’s Romell Glave and Jeremiah Azu say a medal sweep in the men’s 100m was a goal they had discussed amongst their teams earlier in the year, as the two take home the gold and silver medals at the European Athletics Championships in Birmingham.

READ MORE: GB’s Glave and Azu claim European 100m one-two

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A MAJOR airport renovation has forced thousands of flights to be cancelled or diverted until the end of the year.

Runway 4 at Paris-Orly Airport in France, will be closed from now until December 17 for extensive repair works.

During this period, the runway will be closed forcing around 3,000 flights to be cancelled or diverted to Paris Charles de Gaulle Airport.

This works out to around 750 flights a month affected.

Any passengers due to travel to the airport between now and late autumn will need to check with their airline if their flight is still running.

And, where applicable, travellers will either be offered to rebook to Paris Charles de Gaulle Airport or to receive a refund.

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Budget airline easyJet has confirmed that it was asked to cancel flights from August 10 to October 24, with passengers offered alternative flights.

UK flights to and from the airport, usually operated by easyJet and Air France, include Newcastle, London Gatwick, London Heathrow, London Luton, Birmingham and Edinburgh.

In an official statement on the airport’s website, it says: “During the work on the runway at Paris-Orly, some flights will be transferred to Paris-Charles de Gaulle from 10 August to 17 December 2026.

“Before you travel, check the flight information provided by Paris Aéroport and view real-time updates on your departure or arrival terminal.”

The main airlines impacted include Air Algérie, KM Malta Airlines, RAM, Pegasus, Iberia and Tunisair.

Works at the airport include renovating the pavements, upgrading lighting and improving the aircraft stands.

Paris- Orly and Paris Charles de Gaulle Airport are at opposite sides of Paris, taking around 45 minutes in the car or just over an hour on the train to get between the two.

DISRUPTION is continuing to cause problems in Italy, after days of flight cancellations.

Flights at Catania Airport in Sicily were expected to restart yesterday, but there are further delays as ash caused by the eruption of Mount Etna continue to drift into the airspace.

Arrivals at Catania Airport were initially suspended until 5pm yesterday – but this has been extended until 7pm (6pm UK time) today.

A few departures are permitted to take-off at the airport, but only from runway 08.

On FlightRadar24, most departures remain cancelled with more scheduled to take-off after midday.

One easyJet flight to London Gatwick scheduled for 10.35am has been cancelled.

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And a flight to London Gatwick with British Airways this evening at 7.55pm has also been cancelled.

However, a Ryanair flight to London Stansted is scheduled for departure at 11.10am.

There has been disruption since Saturday at Catania Airport after an eruption on the volcano.

One Brit travelling home from Sicily over the weekend wrote on X: “Had a superb holiday in Sicily.

“Getting home was interesting.. Catania flight cancelled due to Etna → 3hr taxi to Palermo → flight cancelled → slept at airport → Rome → taxi to Naples → Gatwick → taxi to Luton. Only a day late but very happy to be back at the nest.”

Palermo Airport, Sicily’s other major airport on the northwest coast, remains unaffected, with flights operating as scheduled.

Hunt could have as many as three opportunities to add to her tally this week, as se competes in the 200m and both the women’s and mixed 4x100m relay events.

Typically not the quickest off the blocks at almost six-foot tall, Hunt was seventh in the eight-athlete final after the first 10m.

But she held her form superbly to overhaul her rivals and end her wait for gold, just two years after finishing seventh in the previous European final in Rome.

“I just had such a magical feeling,” Hunt said.

“I’ve won English Schools here, raced here as a 13, 14-year-old. I just had a feeling that this was going to be my night.

“My first gold. I think it was definitely time for an upgrade, and I’m now kind of fully established.”

British record holder Asher-Smith lined up in Birmingham as the defending champion – but the 30-year-old could not force her way into medal contention.

Asher-Smith, bidding to win a historic seventh gold and become the joint-most successful athlete in the history of the championships, finished fifth in 11.10, as Poland’s Ewa Swoboda (11.02) and Belgian Delphine Nkansa (11.06) completed the podium.

Like Hunt, Asher-Smith will have further opportunities to draw level with Croatian discus thrower Sandra Elkasevic and Norway’s Jakob Ingebrigtsen, who earlier won a superb 5,000m gold on his comeback from injury.

Both will return to action on Wednesday, when attention turns to the women’s 200m medals before the weekend’s relays.

For a true sense of getting away from it all, few things rival an island escape. We’d love to hear about your favourite under-the-radar islands in Europe, whether it’s a remote Scandinavian archipelago or an airport-free Mediterranean outpost that’s managed to avoid the package holiday crowds.

The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website.

Keep your tip to about 100 words

If you have a relevant photo, do send it in – but it’s your words we will be judging for the competition.

We’re sorry, but for legal reasons you must be a UK resident to enter this competition.

The competition closes on Monday 17 August at 10am BST

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FORGET the crowds of Spain and Italy – there’s a country in Europe which has actually seen a DROP in tourists this year.

It was even dubbed the ‘new Croatia‘ thanks to its one seaside town along the Adriatic Coastline.

Official stats have revealed that the number of foreign tourists who visited Bosnia and Herzegovina in the first half of 2026 decreased by 3.2 per cent on the year to 582,541.

The country had previously been revealed as a top holiday spot for 2025 and even called the ‘new Croatia‘.

Thanks to it being lesser-visited then its neighbour, Bosnia and Herzegovina was described as a “less crowded alternative to Dubrovnik” by a team of travel experts at Wild Frontiers.

In comparison, Croatia welcomed more than 7.6 million visitors during the first six months of 2026.

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But in a world where destinations are suffering from overtourism, the fact Bosnia and Herzegovina has fewer tourists means it’s an ideal time to visit if you want to avoid crowds.

It’s cheap too – in fact the country’s capital, Sarajevo was named as the best-value destination in Europe by the Post Office Travel Money earlier this year.

It calculated that a two night’s stay across a weekend for two people would cost an average of £248.29.

This includes three-star accommodation, food, drink, a three-course evening meal, travel cards and attractions including a visit to a museum, art gallery and sight-seeing tour.

As for what to do there, the city is named one of the best for its food scene.

One traditional dish is called Bosanski Lonac which is essentially a stew packed with chunks of meat and vegetables.

Another is cevapi – these are flatbreads filled with grilled meat, and burek, flaky pastries filled with cheese, spinach or even sour cherry for dessert.

The best part is that eating out is very cheap for a capital city.

According to Wise, a meal at a restaurant can cost as little as £4.41 and visitors can enjoy a local beer from £1.76.

Flights are cheap too if you book in advance – with Wizz Air next April, Brits can fly to Sarajevo from £25 which takes just 2hr40.

Something to do in Sarajevo is head to its enormous thermal spa.

Ilidža Thermal Riviera is one of the largest thermal complexes in the Balkans and has been built on the hot spring of Ilidža.

Guests can take a dip in its indoor and outdoor swimming pools as well as children’s pool which has a slide.

There’s even a small go-karting area, trampolines and a Tropical Garden Restaurant – tickets into the complex cost as little as 8 KM (£3.51).

There’s also a nearby amusement park in the city centre called Sunnyland which has an Alpine Coaster zip lines and giant swings.

It’s found on Olympic Mountain Trebević which is a 10-minute drive from the city centre.

Entry to the park is free with visitors just having to pay for the rides and activities.

While most of Bosnia and Herzegovina is landlocked, it does have a short 12-mile coastline with beautiful beaches along the Adriatic Sea.

All of the coastline surrounds the pretty town of Neum which has bars and cafes along the promenade.

The town is considered an ‘anomaly’ as on a map, it sits along the Croatian coastline, but it’s actually in Bosnia and Herzegovina.

Historically, the Republic of Ragusa (Dubrovnik) ceded the land to the Ottoman Empire in 1699 via the Treaty of Karlowitz.

Other must-visit spots include the Ottoman bridge in Mostar which is around an hour’s drive away from Neum.

The bridge sits over River Neretva and is considered masterpiece architecture from the 16th century.

For anyone feeling brave, you can actually jump off the 7-story high bride which is a 450-year-old tradition.

Historically, it was a way for young men to prove their courage – but nowadays anyone can do it as it’s managed by officials at the Mostari Diving Club.

There are also more natural wonders including Kravica Waterfall.

Visitors have called it ‘magical’ and ‘surreal’ with one even comparing it to looking like ‘a scene from Jumanji‘.

MORE eruptions from a volcano in Europe has resulted in sudden flight cancellations in Sicily today.

An ash cloud drifting into airspace means that flights cannot land or take off at Catania Airport on the Italian island.

Following an eruption over the weekend and change in wind direction, an ash cloud from Mount Etna has affected airspace in Sicily.

Due to safety reasons, flights departing and arriving into Catania Airport have been cancelled or delayed until 5pm local time.

Impacted airlines include Ryanair, EasyJet, and Wizz Air.

Operator SAC said: “Due to Etna’s eruptive activity and the associated release of volcanic ash into the atmosphere, the airspace corresponding to the ash cloud southwest of the volcano (Sector C1) has been closed. Arrivals are suspended until 5:00 PM.

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“As the situation is significantly affecting operations, passengers are kindly advised to check the status of their flight with their airline before heading to the airport.

“The situation is being constantly monitored, and further updates will be provided depending on the evolution of volcanic activity and weather conditions.”

One Brit travelling home from Sicily over the weekend also faced disruption, he wrote on X: “Had a superb holiday in Sicily

“Getting home was interesting.. Catania flight cancelled due to Etna → 3hr taxi to Palermo → flight cancelled → slept at airport → Rome → taxi to Naples → Gatwick → taxi to Luton. Only a day late but very happy to be back at the nest.”

Palermo Airport, Sicily’s other major aviation hub located on the northwest coast, remains unaffected, with flights operating as scheduled.

It’s not the first time this year that there has been disruption at the airport following eruptions on Mount Etna.

Last month, the volcano erupted for 10 days leaving hundreds of passengers stranded in Sicily.

Holidaymakers had to seek hotel allocation, while others travelled elsewhere to get home.

TWO airports in Europe that see thousands of passengers through their doors are set to close for major upgrades.

During this time flights will be diverted and one airport will see flights cancelled during both the summer holidays and October half-term.

The first major airport closing its doors to passengers is Almeria Airport in Spain which each year handles around 800,000 passengers.

In February 2028, it will shut for six days to upgrade its runway with all scheduled flights during that time to be cancelled.

Airlines like Ryanair, easyJet and Iberia which fly out of the airport have been notified by Spain’s airports operator Aena about the closure.

There will be further disruption too as the revamp is part of a 19-month €29million (£24.8million) project to upgrade the entire airport.

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During this period there will be work at night between 10:45pm and 7:10am the following day.

Between these hours, flights could be impacted as well.

Direct routes from Almeria Airport to the UK London Southend, Manchester, Bristol, Liverpool, Leeds Bradford and Birmingham.

The airlines will have to reschedule flights or divert the routes.

The revamp will mark the first work on the runway in 20 years.

The second major European airport to close its doors is Charleroi Airport in Brussels which will close for almost three months.

For 11 weeks, the runway will be closed for renovation and the interior airport revamped.

Flights will be impacted between August 15 and October 31 in 2028.

It will disrupt passengers heading to Brussels during the school summer holidays and October half-term break.

Airlines that operate to and from the airport from the UK include Ryanair and Wizz Air to cities Edinburgh, Manchester and Newcastle.

Airlines will need to reroute their flights to different airports during that time.

The airport is the second largest in Belgium – it sees 30,000 passengers each day and around 11.2million people every year.

On the development, the airport said: “A complete refurbishment of Charleroi airport’s sole runway, together with other major infrastructure modernisation works, has been scheduled by SOWAER (the company behind the works) for the second half of 2028.”

A MAJOR European airport is set for a huge, multi-billion expansion.

Rome Fiumicino Airport in Italy is a major European hub with around 51million passengers travelling through the airport each year.

And now the airport has revealed plans for a €9billion (£8.48billion) project to make the airport bigger.

Plans include adding a fourth runway to the airport, as well as opening a new terminal.

The new 3,400-metre-long runway will partially replace runway one, which will be shortened by 900 metres with this area being turned into a park that is open to the public.

Other upgrades will be carried out on the taxiways, aprons and connecting roads.

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Then, the new 350,000sqm terminal will be spread across several levels, with two new boarding areas, 76 gates and an exhibition area showcasing local culture.

The new terminal will also have a number of shops, green areas and public spaces.

The money will be split between €5billion (£4.28billion) being spent on expansion and the other €4billion (£3.4billion) being spent on upgrading existing facilities.

The aim is that the airport will be able to handle up to 100million passengers a year by 2046.

The project is set to be complete by 2033, which will mark the 2,000th anniversary of Christ’s death and resurrection.

According to The Financial Times, the airport’s chief executive Marco Troncone said: “If this happens, the new runway may be ready in 2033, in time, ideally, for the next iconic event . . . to mark 2,000 years after the death of Jesus Christ.”

There are several airlines that fly between the UK and the Italian capital.

For example, you could fly with Ryanair or easyJet that both offer flights from a number of regional airports.

British Airways and Wizz Air also operate flights to the city.

EUROPEAN borders have been consumed by long queues recently thanks to new travel rules introduced back in April – and it’s about to get worse.

Europe‘s new Entry/Exit System (EES) was fully rolled out at the beginning of April and applies to all Brits entering Europe.

Upon your first entry to a Schengen country, you must register – which means having your photo taken as well as fingerprints.

However, this registration process has been causing long queues and delays at border control across European airports, with some travellers waiting hours and others even missing their flight.

And soon it could get much worse.

Come September 6, a flexibility allowance introduced across Europe is due to expire.

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EU member states are currently allowed to pause EES checks in “exceptional circumstances” which includes when queues get too long.

According to the EU border security agency Frontex, the flexibility won’t be renewed in September, despite industry bodies calling for it to be, reports The Times.

Countries including Greece, France, Portugal and Spain currently all switch off EES when they need to.

However, when the flexibility expires in September these countries could once again experience long queues at their airports.

At some airports, the machines even have to be shut down and turned on again when they get overwhelmed, just to get them to work.

Air France-KLM told Politico: “When lines form during the busy summer months, the system is shut off to ensure smooth transit at our hubs in Paris and Amsterdam.”

Other airports that have had problems with the technology include Brussels Airport, where the system is still not fully operational.

It comes as other issues with the new system have emerged including taking the fingerprints of elderly people.

In some cases, the new system has been unable to scan fingerprints of elderly people as they are too faded.

According to The Telegraph, one Brit who recently travelled to Majorca but when she got to the EES kiosks, her fingerprints weren’t recognised.

The woman then had to wait in a long queue of mainly families for her passport to be manually stamped.

However, anyone who cannot give fingerprints will be exempt from having to give them.

European equities keep reaching new highs.

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The pan-European STOXX Europe 600 climbed to another record on Wednesday, closing at around 657 points after touching a fresh intraday high and extending its winning streak to a third consecutive session.

The blue-chip EURO STOXX 50, which tracks the euro area’s largest listed companies, also set a new all-time high during the day. The broader benchmark has now gained about 10% since the start of 2026.

The rally is broad-based. Germany’s DAX broke above 26,100 for the first time. France’s CAC 40 climbed to a record 8,700, while Italy’s FTSE MIB reached an unprecedented 53,540.

Record highs everywhere

Yet the companies leading Europe’s bull market bear little resemblance to the household names that have long defined the continent’s equity story.

Luxury groups are nowhere to be seen. Neither are the pharmaceutical giants that traditionally anchor European portfolios. Even banks, despite a strong year, have largely been overtaken.

Instead, the biggest winners of 2026 are the companies building the infrastructure behind the artificial intelligence boom: manufacturers of semiconductor wafers, chip-testing equipment, advanced substrates and industrial technology.

Europe’s stock market is no longer being led by brands consumers recognise. It is increasingly being powered by the suppliers enabling the world’s AI capital-spending race.

Why European stocks keep setting records

Several forces have come together to fuel the rally.

The immediate catalyst was geopolitical.

Reports that Washington and Tehran are moving towards a new agreement to reopen the Strait of Hormuz pushed oil prices sharply lower, easing inflation fears and reducing cost pressures for Europe’s manufacturers and airlines.

The economic backdrop has also surprised investors.

Eurostat’s preliminary estimate showed the eurozone economy expanded 0.4% quarter-on-quarter in the second quarter, double economists’ expectations, following flat growth in the first quarter. Annual growth accelerated to 1.0%.

Pantheon Macroeconomics’ chief eurozone economist Claus Vistesen said the euro area “comfortably beat expectations yesterday, posting GDP growth of 0.4% quarter-to-quarter in Q2, after upwardly revised zero growth in Q1. This was 0.2pp above the consensus and 0.1pp above our forecast.”

Corporate earnings have added another pillar of support.

Second-quarter reporting has generally exceeded expectations, while global enthusiasm for artificial intelligence infrastructure has transformed a small group of European technology suppliers into some of the world’s best-performing stocks.

The 10 best-performing STOXX Europe 600 stocks in 2026

These are the 10 best-performing European stocks with a market capitalisation of €1 billion or more, ranked by share price performance through 5 August.

10. ArcelorMittal (+65.3%)

Europe’s steel champion has quietly become one of this year’s biggest industrial winners.

Shares of ArcelorMittal have gained 65.3% since the start of 2026, making the company the tenth-best performer in the STOXX Europe 600 through 5 August.

The Luxembourg-based group reported revenue of $16.5 billion in the second quarter and underlying operating profit of $2.1 billion, its strongest performance in Europe for three years.

Profitability improved as new EU import quotas reduced competition from cheaper foreign steel, while the company continued buying back its own shares, returning more cash to investors.

9. Raiffeisen Bank International (+67.6%)

Higher interest rates and resilient economic activity across Central and Eastern Europe have helped the Austrian lender outperform most of its European peers. Raiffeisen Bank International shares have climbed 67.6% year-to-date through 5 August.

First-half profit excluding Russia rose 25% to €708 million, prompting management to raise its full-year forecast for net interest income to €4.4–4.5 billion.

Investors have also welcomed stronger capital levels and easing concerns over the bank’s Eastern European operations.

8. Saipem (+75.8%)

The Italian engineering group has benefited from the global revival in offshore energy investment.

Saipem stock is up 75.8% in 2026 through 5 August, extending one of the strongest rallies among European industrial companies.

First-half revenue increased to €7.35 billion, while underlying operating profit rose 9.4% to €836 million. Its order book expanded to a record €29.9 billion, giving the company years of work already secured despite trimming guidance to reflect around €70 million of conflict-related costs.

7. STMicroelectronics (+105.7%)

The Franco-Italian chipmaker has emerged as one of Europe’s biggest beneficiaries of renewed enthusiasm for artificial intelligence infrastructure.

Shares of STMicroelectronics have more than doubled in 2026, rising 105.7%.

Second-quarter revenue climbed 26% to $3.49 billion, while the company returned to an operating profit after several difficult quarters. Management forecast around $3.7 billion in revenue for the current quarter, signalling that the semiconductor downturn is gradually easing.

6. AIXTRON (+121.0%)

The German company manufactures highly specialised equipment used to produce advanced semiconductors.

AIXTRON shares have surged 121% since the beginning of the year, placing the company among Europe’s biggest AI winners.

Second-quarter orders jumped 81% to €214.5 million, driven by booming demand for photonics and power-chip manufacturing equipment. Management reaffirmed its full-year revenue forecast of €560 million.

5. Technoprobe (+135.1%)

Few investors know Technoprobe, yet almost every advanced semiconductor relies on its testing technology before reaching customers.

Technoprobe has rallied 135.1% in 2026 through 5 August, making it one of Europe’s strongest-performing technology stocks.

Following a record first quarter with €187 million in revenue, management raised its full-year sales forecast to between €950 million and €1.05 billion, reflecting growing demand for AI-related chip testing equipment.

4. ams-OSRAM (+136.2%)

The Austrian sensor and photonics specialist has staged one of the European market’s biggest turnarounds.

ams-OSRAM stock has gained 136.2% since January.

Second-quarter revenue reached €805 million, at the top end of company guidance, while management continued making progress towards commercial production of its microLED technology for augmented-reality glasses.

Investors also welcomed the sale of its non-core sensor division to Infineon, strengthening the company’s balance sheet.

3. Tullow Oil (+136.4%)

The oil producer is the only energy company among Europe’s top-performing stocks this year.

Shares of Tullow Oil have advanced 136.4% year-to-date through 5 August.

Management recently increased its forecast for 2026 free cash flow to between $170 million and $250 million, more than doubling its previous guidance after benefiting from stronger oil prices during the first half of the year.

Ironically, the stock fell on Wednesday as hopes of easing tensions in the Middle East pushed crude prices lower.

2. AT&S (+343.5%)

Austria’s AT&S manufactures the advanced substrates that connect artificial intelligence processors with memory chips inside high-performance servers.

AT&S shares have soared 343.5% in 2026, making the company Europe’s second-best-performing stock.

When reporting quarterly results on 4 August, management forecast 30%–35% revenue growth this year, driven by continued investment in AI data centres.

Despite the spectacular rally, the shares remain about 40% below the record highs reached in June.

1. Soitec (+414.5%)

No European company has benefited more from the artificial intelligence investment boom than France’s Soitec.

Soitec shares have skyrocketed 414.5% since the start of 2026 through 5 August, making the company the best-performing constituent of the STOXX Europe 600.

The semiconductor materials specialist reported annual revenue of €592 million, down 34% as the industry worked through excess inventories. However, investors focused on signs that the recovery had begun.

Revenue from its fast-growing photonics business exceeded $100 million for the first time, while free cash flow reached €63 million, far ahead of analysts’ expectations.

Management expects revenue to return to growth during the current financial year, reinforcing confidence that Soitec is becoming one of Europe’s biggest beneficiaries of the global AI infrastructure build-out.

AS the drought continues across Europe, low water levels in Europe are now threatening river cruise holidays.

The River Rhine and the Danube River have started to dry up with passengers being re-routed at the last minute after two ships ran aground.

On the morning of June 29, the ship called Viking Einar ran aground on the Rhine River at Cologne in Germany.

Days later, the Viking Ullur ‘experienced a grounding incident on the Danube River‘ in Bulgaria with 186 passengers being evacuated.

It came ‘into contact with a sandbank during a period of exceptionally low water levels‘, Viking said in a statement.

With no rain on the horizon, river cruise companies are having to take action with some having to change sailings completely.

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One woman who booked with Riviera Travel wrote on Facebook: “We have just received an email to tell us that our Rhine and Switzerland cruise is being re-routed and will not be travelling to Switzerland but instead north to Netherlands and Belgium.”

She added that she was given the option to change the itinerary or “cancel with full refund and have been offered compensation”.

Riviera Travel, issued a statement about potential alterations on its website.

It explained that “individual sailings may continue to develop right up until departure and, occasionally, during the cruise itself.”

Passengers who have booked after August 5 are being contacted up to two weeks before departure with updates and between 48 hours and 24 hours before departure to “explain the latest position, any expected changes and the options available.”

Talking to The Independent, Riviera Travel said that cancelling a cruise is always a last resort.

In another case, one woman heading on a river cruise with TUI shared her new itinerary on a Facebook page.

Instead of sailing from Basel, through Germany to Amsterdam, the new suggested route starts in Zaandam through to Rotterdam, Antwerp, Middelburg, Dorecht and Amsterdam.

In the email, TUI also offered a 15 per cent refund of the holiday cost with £150 holiday vouchers per person on the new sailing.

Other options were to rebook another river cruise with a refund in cost if the new sailing is cheaper, or if it’s more expensive, an incentive of up to 10 per cent of the value of an existing holiday.

Or there was an option to cancel the booking with a full refund.

On TUI’s website, it says “Most sailings go ahead without any disruptions, but water levels on the rivers can go up or down depending on the weather.”

It continued: “If your cruise is affected, we’ll make every effort to complete your itinerary. To do this there may be changes to berth locations, modifying shore experiences or completing some sections of the itinerary by coach.”

Emerald Cruises confirmed that reduced water levels are affecting sections of the upper Danube between both Vienna and Budapest, and Regensburg and Passau near Pfelling.

On its website it has said that it may make “operational adjustments” with passengers possibly being transferred to a “sister ship” as well as embarkation and disembarkation being amended.

There could also be overnight stays in hotels.

AmaWaterways said: “Due to unusually low water levels on sections of the Rhine and Danube rivers, operational adjustments to select sailings have been deemed necessary.”

It continued to add that “modifications may include changes to ports, embarkation or disembarkation locations, motorcoach transfers, ship scheduling or other itinerary elements”.

A theme park less than two hours away from the UK is adding a brand-new land with two rides and five Japanese-inspired eateries.

Tivoli Gardens in Copenhagen will open the area in a few weeks’ time with “thrilling adventures for the whole family.”

The theme park, which opened in the 1840s and even inspired the creation of Disneyland, currently has 30 rides and will be adding a few more.

Called Hikari, the upcoming Japan-themed area is the biggest development in the park’s history and said to cost a ‘three-digit million amount’.

It has been under construction for two years and has actually been made up of elements from Japan.

It has reclaimed doors, windows, artwork and around 60 tonnes of traditional Japanese roof tiles.

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It will span across more than 2,000 square metres – the park itself is 80,000 square metres in total.

There are two new attractions, the first is Hotel Hikari where ‘nothing is quite as it seems’.

It’s essentially an immersive family funhouse with illusions, a vortex tunnel, tilted rooms and infinity mirrors.

Another new attraction is called Typhoons Eye which gives riders the feeling of weightlessness. According to Tivoli, it’s the only attraction of its kind in Scandinavia.

The zero gravity attraction is a rotating drum ride that suspends riders against the wall as the floor drops away.

The final ride in Hikari is actually one that will be familiar to previous visitors.

Called The Demon, the rollercoaster has stood in Tivoli for years but has undergone a transformation to blend into its new home.

There aren’t just rides either, there are five new eateries in Hikari.

Yaki-Tak! will serve up Japanese street food from yakitori skewers to yakisoba noodles.

Katsu Kitchen is where visitors can pick up chicken sandwiches to popcorn-style karaage to crispy prawns.

Comé Rice Kitchen will have onigiri, otherwise known as Japanese rice balls, served with the likes of spicy tuna, Teriyaki chicken and shiitake mushroom.

For sweet treats there’s Oishii Bubbles for creative drinks from fruit teas to slushies, or Kawaii Bites will have fish-shaped waffles and mochi ice cream.

Two new shops will open too; one selling Japanese-style ceramics and gifts, another will have a mix of snacks, drinks as it’s inspired by konbini, Japanese convenience shops.

The project has taken two years to build and will open later this month – no official date has been announced yet.

For anyone who wants to visit, Copenhagen is easy to get to as it’s under two hours away from the UK.

Great Britain won golds in the women’s synchronised 10m diving and artistic swimming mixed duet at the European Aquatics Championships in Paris.

Maisie Bond and Lois Toulson achieved a score of 300.06 to clinch the women’s 10m – just ahead of second-placed Germany (298.20) and Ukraine (286.20) in third.

“We came into these championships wanting to win and knowing it was possible,” said Toulson. “We’d been training really hard and looking good I think.

“That was a [personal best] for us. To be able to do that and get a gold medal – we’re really proud.”

In the mixed duet, Isabelle Thorpe and Ranjuo Tomblin narrowly claimed their first European title in the event.

The pair won with a score of 258.2383 as they beat Spain by just 0.2650 to take victory, with Italy (255.1641) in third.

“It’s incredible. I’m really happy and to have done it with Ranjuo is incredible.” said Olympic silver medallist Thorpe.

“We didn’t have the most smooth sailing preparation due to injury, but it’s good we have been able to come through it and be on top.”

Tomblin, who defended his title in the men’s solo technical event on Friday, added: “Today is more special because I get to do it with Izzy, so it’s incredible.”

In the men’s 1m springboard diving final, Jack Laugher claimed silver with a score of 418.25 and fellow Briton Jordan Houlden took bronze with 410.30 as they finished behind winner Germany Moritz Linus Wesemann (431.45).

PLANS for a brand-new luxury hotel resort located in the European countryside have been unveiled.

The spot is known for its award-winning golf course and has now partnered with a renowned luxury hotel brand for the project.

Nobu Hotels has announced plans for its latest luxury destination which will welcome visitors to Portugal’s Eastern Algarve.

The site will be Portugal’s second Nobu location, with the lifestyle hotel chain previously announcing plans for an expansion in Lisbon on Avenida da Liberdade.

Construction for the Algarve holiday spot is set to begin in 2027, with plans to accommodate guests in 2029.

The hotel will reside within more than 1,000 acres of countryside at the iconic Monte Rei site, known for its Jack Nicklaus Signature Golf course.

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Plans for the new Nobu Hotel include 100 guestrooms and suites, alongside a signature Nobu restaurant and dedicated wellness and lifestyle amenities.

As part of the development, over 226,000 sq ft of land will become villas and branded residences, meaning guests and owners can enjoy Nobu services while living on the Monte Rei site.

According to Nobu Hospitality, in the past two decades, Monte Rei has garnered international reputations owing to “its award-winning golf, high standards of service, residential community and enviable location in one of Portugal’s most characterful resort regions”.

The resort hopes to combine the luxury and hospitality of Nobu with the exceptional privacy offered by the Monte Rei setting.

CEO of Nobu Hospitality, Trevor Horwell, said: “Monte Rei offers a rare combination of natural beauty, privacy and an established reputation for exceptional golf and residential living.

“Together with Norfin, we have the opportunity to create a distinctive Nobu destination that feels deeply connected to the Eastern Algarve while delivering the hospitality, dining, design and service for which the brand is known around the world.”

The project is set to bring together an international design team, including DSA Architects and the Rockwell Group, to develop the architecture and vision of the luxury resort.

CEO of Norfin, Miguel Mateus, has called the new plans an “important milestone” for Monte Rei.

“The resort has long been recognised for the quality of its golf, service and residential environment.

“We are now building on that legacy with a broader ambition for the destination – one that brings together world-class hospitality, exceptional residential living and carefully designed leisure experiences.