European Stocks Rise as Markets Stabilize After Historic Global Sell-Off

European stocks opened higher on Tuesday as global markets showed signs of calm following a brief but historic sell-off that rattled cryptocurrencies and precious metals late last week. Investors appeared cautiously optimistic as volatility eased, helping equities recover across major regional bourses.

By 8:35 a.m. in London, the pan-European Stoxx 600 index was up 0.7%, with gains spread across all major sectors. Mining stocks led the rebound, as the Stoxx Basic Resources index surged 2.2% on the back of a recovery in precious metal prices, which had plunged sharply over the weekend.

Major European indices also traded in positive territory, with Germany’s DAX climbing 1.06%, Italy’s FTSE MIB rising 0.9%, France’s CAC 40 up 0.6%, and Spain’s IBEX 35 gaining 0.58%. London’s FTSE 100 edged higher by 0.21%. Mining heavyweights including Rio Tinto, Anglo American, and Antofagasta posted strong gains, while silver producer Fresnillo jumped more than 4%.

In corporate news, shares of Danish offshore wind company Ørsted dipped slightly after a U.S. judge ruled it could resume its Sunrise Wind project off the coast of New York. The decision clears the way for all five offshore wind projects previously halted by the Trump administration to proceed, weakening efforts to block further wind power development.

Global sentiment also improved as U.S. stock futures pointed higher and Asia-Pacific markets advanced overnight. Optimism was fueled by comments from President Donald Trump announcing a trade deal between the United States and India, which included reduced tariffs and increased Indian purchases of U.S. products. Investors are now turning attention to European earnings from Publicis, alongside key economic data releases on French inflation and Spanish unemployment.

source: cnbc