English
European shares rose at the close of trading on Tuesday.
European stocks closed higher across the board on Tuesday, December 30, extending their gains to a new record high after the benchmark index hit a new record in the previous session on Monday,
as investors remained cautious in the final week of the year.
Mining stocks jumped as precious metals recovered, and the shares reached a record high as the year 2025 drew to a close.
The pan-European STOXX 600 index rose 0.68%.
Germany's DAX index climbed 0.57%.
Britain's FTSE 100 index gained 0.75%.
France's CAC 40 index advanced 0.69%.
Mining Stocks
Mining stocks were the top performers, with London-listed Fresnillo shares surging 6%, while fellow mining companies such as Anglo American, Antofagasta, and Glencore each rose around 3%.
Precious metals, particularly gold and silver, were the focus of investor attention during the shortened trading week due to the holidays. Gold futures rose 0.8% to $4,366 an ounce, while silver jumped 5.5% to $76.22 an ounce.
Silver had experienced sharp fluctuations on Monday, hitting a record high in early trading before paring gains and suffering its worst day since 2021.
Defense stocks also performed well on Tuesday, rebounding from Monday's losses following weekend peace talks between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelensky.
Shares of Rynke and Rheinmetall each rose by about 2%.
Regional stock markets closed mixed on Monday, with defense stocks under pressure as talks continued to reach a framework for a peace agreement to end the war in Ukraine.
Asia-Pacific markets mostly declined overnight, weighed down by the continued sell-off in technology stocks on Wall Street on Monday amid concerns about an artificial intelligence bubble.
In the United States, stocks fell on Tuesday due to further declines in shares of artificial intelligence company Nvidia and home improvement supplies company Home Depot.
