economy

January 14, 2026

European stocks close higher as focus shifts to Greenland talks; BP warns of $5 billion impairment charge

European stocks ended higher on Wednesday as investors in the region focused on a meeting between U.S. and Danish officials to discuss Greenland.

European stocks close higher as focus shifts to Greenland talks; BP warns of $5 billion impairment charge

TL;DR

  • The pan-European Stoxx 600 index reached a record high.
  • Investors are focused on a meeting between U.S. Secretary of State Marco Rubio and Greenlandic/Danish officials regarding U.S. interest in Greenland.
  • Denmark and Greenland have stated the island is not for sale.
  • BP expects $4-5 billion in impairment charges for Q4 2025 related to its gas and low carbon energy units.
  • BP also anticipates a weaker oil trading result for the period.
  • Fresnillo's shares retreated after reaching a record high, coinciding with spot silver surpassing $90 an ounce.
  • The Stoxx Basic Resources index closed 1.5% higher as gold, silver, and copper prices rose.
  • Glencore shares gained, reaching a 52-week high, amid confirmation of re-entered merger talks with Rio Tinto.
  • Ammunition maker Czechoslovak Group plans to list in Amsterdam with a potential valuation of 30 billion euros, anticipating a defense spending increase.
  • Defense stocks fell, influenced by tensions in Greenland, protests in Iran, and political developments in Venezuela.
  • U.K. 10-year government bond yields decreased to their lowest level since December 2024.

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