Mining stocks jump as precious metals recover; European shares hit record as 2025 draws to a close
European stocks picked up steam on Tuesday, extending gains to notch a fresh record high.
TL;DR
- European stocks reached a new record high on Tuesday.
- The pan-European Stoxx 600 index closed 0.7% higher.
- Mining stocks were the top performers, with Fresnillo gaining 6%.
- Gold futures were up 0.8%, and silver jumped 5.5%.
- Defense stocks also performed well after previous losses.
- Asia-Pacific markets mostly fell overnight due to a tech sell-off.
- U.S. stocks pulled back on Tuesday, influenced by declines in Nvidia and Home Depot.