European Stocks Close at Record on Upbeat Earnings, Mining Rally

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessEuropean Stocks Close at Record on Upbeat Earnings, Mining RallyEuropean stocks hit a record high, boosted by another strong set of earnings, a rally in mining shares and optimism that a Middle East truce will be reached soon.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.q6e7[{smc]drgwm6dtmiru4z_media_dl_1.png Bloomberg Intelligence(Bloomberg) — European stocks hit a record high, boosted by another strong set of earnings, a rally in mining shares and optimism that a Middle East truce will be reached soon. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Stoxx Europe 600 Index was up 0.7% at the close in London. Italy’s FTSE MIB Index and the French CAC 40 also scaled new peaks. Bayer AG climbed 2.4% after posting an unexpected increase in profit in the second quarter. Miners led regional gains, buoyed by higher copper prices. Retailer Zalando SE, meanwhile, had its worst day on record after its second-quarter volumes disappointed. Energy shares fell alongside Brent crude prices after Qatar signaled progress toward a short-term deal between the US and Iran. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEurope’s benchmark index reached an all-time high after rallying for four straight months on an improving economic outlook. The corporate earnings season is also proving to be much stronger than expected.MSCI Europe profits have surged nearly 16% for the second quarter, the most since late 2022, according to data compiled by Bloomberg Intelligence. More than half the index’s constituents have beaten analysts’ estimates, the highest share since 2023.“We haven’t had such a good performance for a couple of years,” said Alexis Bienvenu, portfolio manager at La Financière de l’Échiquier. “But risk remains high for a couple of quarters, because as long as the war has not ended there will be high volatility.”For more on equity markets:Europe’s Earnings Are Much Stronger Than They Look: Taking StockM&A Watch Europe: Segro, Prologis, BP, TF1, Halma, AccionaAB InBev Placing Seizes Rare Monday Pre-Market Window: ECM WatchUS Stock Futures Unchanged; Ameresco, Voyager Technologies GainPharma Drama: The London RushYou want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here.—With assistance from Sagarika Jaisinghani.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.