economy
February 3, 2026
European stocks end flat as UK mining giants rise on metals rebound
European stocks ended flat Tuesday as global markets settled following a short-lived sell-off in cryptocurrencies and precious metals.
TL;DR
- European stocks (Stoxx 600) closed flat.
- Mining stocks led gains, with the Stoxx Basic Resources index up nearly 4%.
- Precious metals rebounded after a sell-off last Friday and over the weekend.
- London-listed mining giants like Anglo American, Rio Tinto, Antofagasta, and Fresnillo saw significant gains.
- A U.S. judge ruled that Orsted can resume its Sunrise Wind project off the coast of New York.
- U.S. equities retreated after a strong start to the trading month.
- Asia-Pacific markets rose following President Trump's announcement of a U.S.-India trade deal.
- India is expected to increase purchases of U.S. products and shift from Russian crude oil.
- India's Nifty 50 stock index rose 5% at the open.
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