City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025.
Nathan Laine | Bloomberg | Getty Images
European markets turned positive after opening mixed on Tuesday, in a holiday-shortened trading week.
The pan-European Stoxx 600 index edged 0.2% higher by 9:30 a.m. London time (4.30 a.m. ET) to break through 590 points – a new record.
The U.K.’s FTSE, France’s CAC 40, and Germany’s DAX all traded about 0.2% higher, while Italy’s FTSE MIB gained 0.7%.
Mining stocks topped the blue-chip index with Fresnillo gaining 3.5%. Peer miners Anglo American, Antofagasta, and Glencore rose between 2.6% and 1.8%.
Gains came as gold and silver futures were on the rise Tuesday morning as well. Gold edged up 1% to last trade at $4,386.30 an ounce while silver jumped 5.2% to $74.10 an ounce. Silver was on a rollercoaster ride Monday, hitting a record in the early morning hours, before paring gains and logging its worst day since 2021.
Regional bourses closed mixed on Monday, with defense stocks struggling as talks continue to agree on a framework peace agreement to end the war in Ukraine.
Asia-Pacific markets mostly fell overnight after the tech sell-off on Wall Street continued on Monday amid AI bubble fears.
Nvidia shares dropped more than 1% Monday stateside, giving back some of its more than 5% gain in last week’s trading session. Palantir Technologies and Meta Platforms also suffered losses, as did Oracle.
U.S. stocks were largely unchanged in premarket trading, with the big tech names making minimal moves.
There are no major earnings or data releases in Europe on Tuesday.
— CNBC’s Lim Hui Jie and Sarah Min contributed to this market report.
