Prime Highlights:
- European markets rose on Tuesday, led by mining stocks, as precious metals recovered from last week’s historic sell-off.
- India’s trade deal with the U.S. boosted investor sentiment, sending the Nifty 50 index up 5% at the open.
Key Facts:
- London-listed mining companies like Rio Tinto, Anglo American, and Fresnillo saw strong gains, with Fresnillo up 4.6%.
- A U.S. court allowed Orsted’s Sunrise Wind project off New York’s coast to resume, reopening five previously halted offshore wind projects.
Background:
European equities gained on Tuesday as global markets steadied following a brief but sharp sell-off in cryptocurrencies and precious metals over the past few days.
By 8:35 a.m. in London (3:35 a.m. ET), the pan-European Stoxx 600 was up 0.7%, with most sectors in positive territory and all major regional bourses showing gains. Mining stocks led the rally, with the Stoxx Basic Resources index jumping 2.2% as precious metals recovered after last week’s historic decline.
London-listed mining giants saw early gains. Rio Tinto rose 2.2%, Anglo American climbed 3.8%, and Antofagasta advanced 3.5%. Fresnillo, the world’s largest silver producer and the top-performing stock on the FTSE 100 in 2025, surged 4.6%. Analysts noted that the rebound in precious metals prices on Monday helped restore investor confidence in mining stocks.
In corporate news, a U.S. court ruled on Monday that Danish offshore wind company Orsted can resume its Sunrise Wind project off New York’s coast, which had been halted under the Trump administration. The decision allows all five offshore wind projects previously suspended by the White House to continue, representing a significant development for renewable energy expansion in the United States. Orsted’s shares traded slightly lower, around 0.8%, following the ruling.
Meanwhile, global markets showed signs of broader stability. Futures tied to the S&P 500 traded higher on Monday night, reflecting strong U.S. equity momentum at the start of the month. Asia-Pacific markets also rose, following President Donald Trump’s announcement of a trade deal with India. Under the agreement, India will buy more products from the U.S. and reduce its imports of Russian crude oil. Following the announcement, India’s Nifty 50 index rose 5% at the open.
Investors are keeping an eye on company results, like Publicis Groupe in France, and on economic data such as French inflation and Spanish unemployment, which could impact the markets.
Overall, Tuesday’s trading shows that investors are more confident and that global markets are starting to stabilize after recent ups and downs in commodities and cryptocurrencies.
