Europe Gains Slightly: Mining Rises, BMW Stumbles
Wednesday, October 8, 2025 — European stocks edged higher after gold broke through $4,000/oz, boosting miners. The Stoxx Europe 600 gained about 0.2% in early London trading. Banks also outperformed, while autos and technology lagged. In France, the CAC 40 rose 0.2% as Emmanuel Macron's camp opened the door to postponing pension reforms to facilitate the formation of a new government.
In individual stocks, BMW plunged about 6% after cutting its financial forecast due to weak Chinese sales and tariff-related costs. Conversely, ABB rose as much as 3.3% after agreeing to sell its industrial robot unit to SoftBank for $5.4 billion—boosting M&A sentiment in the region.
Broadly, European indices recently hit new records thanks to optimism about AI and the resilience of the US economy. However, investors are becoming cautious about the impact of heavy technology spending on corporate profits.
"Long-term trends like AI and defense are rarely debated," said Geoff Yu (BNY). "But the key remains profitability—that's where the bigger challenges lie." (asd)
Source: Newsmaker.id
