European markets opened with a lift, and the source of that strength came from a single court decision on the other side of the Atlantic. The judgement, favouring a Danish offshore wind developer in its long-delayed project off Rhode Island, immediately shifted sentiment across the sector.
Utilities and renewable energy companies were at the centre of this move. The court’s approval cleared the path for completion of a nearly finished offshore installation, a tangible reminder that project risk in renewables is often less about engineering and more about policy and litigation.
Beyond utilities, retail shares also provided a spark. A household goods group with a significant UK presence announced a lift in its profit guidance, sending its shares sharply higher. At the same time, a building materials business revealed plans to spin out part of its data-centre solutions unit, with the market welcoming the chance for clearer value recognition.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.
