{"id":65310,"date":"2025-10-13T18:03:21","date_gmt":"2025-10-13T18:03:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/13\/european-stocks-close-broadly-higher-24\/"},"modified":"2025-10-13T18:03:21","modified_gmt":"2025-10-13T18:03:21","slug":"european-stocks-close-broadly-higher-24","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/13\/european-stocks-close-broadly-higher-24\/","title":{"rendered":"European Stocks Close Broadly Higher"},"content":{"rendered":"
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European stocks closed higher on Monday as trade war worries eased a bit after U.S. President Donald Trump struck a conciliatory tone in a post on Truth Social over the weekend with regard to tariffs on Chinese goods.<\/p>\n

Trump, who previously threatened to slap steep new tariffs on China, said over the weekend that everything would be “fine” and Washington was not looking to “hurt” China.<\/p>\n

Meanwhile on the French political front, Prime Minister Sebastien Lecornu, who was reappointed on Friday, unveiled his cabinet amid budget turmoil that is scaring businesses and investors.<\/p>\n

Firm metal prices triggered some strong buying in materials stocks. Meanwhile, investors braced for corporate earnings updates.<\/p>\n

The pan European Stoxx 600 closed up by 0.44%. The U.K.’s FTSE 100 gained 0.16%, Germany’s DAX climbed 0.6% and France’s CAC 40 closed higher by 0.21%. Switzerland’s SMI edged up 0.03%.<\/p>\n

Among other markets<\/span> in Europe, Belgium, Czech Republic, Ireland, Netherlands, Portugal and Spain ended on firm note. Austria, Poland and Sweden edged up marginally.<\/p>\n

Denmark, Greece, Iceland, Norway, Russia and Turkiye closed weak, while Finland ended flat.<\/p>\n

In the UK market, miners Fresnillo and Endeavour Mining surged 9% and 11.3%, respectively. Antofagasta surged 5%, Anglo American gained about 4.2%, Glencore gained 3.3%, and Rio Tinto closed nearly 2% up.<\/p>\n

Persimmon, M&G, Land Securities, Berkeley Group Holdings, Mondi, Entain, Marks & Spencer, LondonMetric Property, Ashtead Group, Segro, St. James’s Place, The Sage Group, Legal & General and Barratt Redrow also moved up sharply.<\/p>\n

BAE Systems, Intertek Group, British American Tobacco, Babcock International, Burberry Group, Smiths Group, Vodafone Group, Airtel Africa, Admiral Group and Scottish Mortgage closed notably lower.<\/p>\n

In the German market, Siemens Energy, Fresenius Medical Care, Infineon, Siemens, RWE, Merck, Deutsche Bank, MTU Aero Engines and Vonovia gained 1.3 to 2.4%.<\/p>\n

In the French market, ArcelorMittal and Stellantis gained about 3% and 2.8%, respectively. Saint Gobain, Publici Groupe, Dassault Systemes, Legrand, Sanofi and Air Liquide also posted strong gains.<\/p>\n

Michelin closed down by about 2.7%. Kering, Danone, Orange, Edenred and LVMH lost 1 to 1.7%.<\/p>\n

Data from Destatis showed Germany’s wholesale price inflation accelerated in September, with prices rising by 1.2% year-on-year, following a 0.7% increase in August and a 0.5% rise in July.<\/p>\n

On a monthly basis, wholesale prices moved up 0.2%, in contrast to the 0.6% decrease in August. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n