The STOXX 600 index, tracking Europe’s leading stock exchanges, is holding steady with a 0.1% increase, balancing the drop in financial shares with a rise in the mining sector. While the banking index is down by 0.6%, the mining index has surged by 0.8% due to strong performance in metal prices.
Expectations Regarding Interest Rate Increases Affecting Investors
In the markets, the minutes of the October meeting where the Federal Reserve kept interest rates steady are eagerly awaited. According to experts, expectations that interest rate hikes have come to an end are offsetting the decline in the financial sector.
Mining Stocks Gaining Strength
Despite a 0.6% decline in the banking index, the mining index showed an increase of 0.8% in metal prices. During this period, it is noted that mining companies have experienced a strong uptrend.
Company News: Sonova and Rheinmetall Stand Out
Company news continues to have an impact on the index, with particular attention to the performance of Sonova and Rheinmetall.
Swiss hearing aid manufacturer Sonova, with a quarterly report, experienced a 6.4% rise, making it the company with the highest gain in the STOXX 600 index. On the other hand, after announcing its 2026 strategy, German defense company Rheinmetall increased its share value by 5.2%.
Volatility in the banking sector continues. Italian bank Monte dei Paschi di Siena experienced a 3.8% decline after selling a 25% stake in the bank.