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2026-01-09 16:58:43
[European Stocks Rise on Friday, Glencore Shares Surge] ⑴ European stocks rose on Friday, with the STOXX 50 index up 0.5% and the STOXX 600 index up 0.4%, ending a three-day losing streak and both hitting record highs. ⑵ The mining sector was in focus, with Glencore shares surging nearly 7% after reports that Rio Tinto was in talks to acquire the company. ⑶ This deal would create the world's largest mining group, with a combined market capitalization exceeding $200 billion, just over a year after the last round of negotiations between the two companies broke down. ⑷ Rio Tinto shares fell 2.7%. ⑸ Anglo American rose 1.8%, and Norway's Hydro rose slightly by 0.2%. ⑹ The technology sector also rose, with ASML Holding leading the gains at 3.5%. ⑺ SAP rose 0.3%, and Infineon rose 1.4%. ⑻ In contrast, supermarket chain Sainsbury's shares fell nearly 5% after reporting disappointing Christmas trading results, becoming one of the worst-performing stocks in the STOXX 600 index. (9) In the first week of 2026, the STOXX 50 index rose by 0.9% cumulatively, and the STOXX 600 index rose by 1.2% cumulatively.
