The baton of Europe's most-valuable listed company has passed again, this time to German business-software group SAP. In intraday trading Monday, SAP overtook Novo Nordisk by market capitalization ...

But it's been a different story across the Atlantic. While the S&P 500 is down 3.6% in 2025, Europe's flagship Stoxx 600 index has gained 8.4%, powered higher by strong earnings and the ...