{
  "id": 18280366,
  "title": "European shares rise on mining gains; tech lags",
  "url": "https://urgent.news/2026/11/05/european-shares-rise-on-mining-gains-tech-lags",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-05T08:30:14.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447563/european-shares-rise-on-mining-gains-tech-lags"
  },
  "original_language": "en",
  "account": "European stock markets opened on a positive note on Thursday, propelled by gains in mining companies, while technology shares struggled to keep pace as investors considered the potential impact of a Democratic victory in the US midterm elections on the tech sector. The pan-European STOXX 600 index climbed 0.5% to 660.33 points by 0807 GMT, inching close to a two-month peak it had reached the day before. Basic resources saw a notable boost of 2.7%, driven by a 6% surge in ArcelorMittal's stock following the world's second-largest steel producer surpassing core profit estimates. Additionally, markets found solace in Brent crude prices trading below the $100-a-barrel mark, as expectations circulated that the recent Republican defeat might dissuade President Donald Trump from escalating tensions with Iran. However, tech stocks faced headwinds, with ASML declining 2.7% and Soitec falling 4.5%, mirroring downward trends in Asian markets due to apprehensions that heightened scrutiny from Democrats could impede AI development in the United States. Rheinmetall, on the other hand, fell by 14% after reducing its 2026 sales forecast for the second consecutive time, citing the postponement of a contract for Germany's Arminius Boxer vehicle program and the anticipated delay in revenue from artillery ammunition due to slower batch approvals.",
  "summary": "European shares opened higher on Thursday , led by gains in mining companies, while technology shares lagged as investors weighed the implications of a Democratic sweep in the US midterm elections on the sector. The pan-European STOXX 600 index rose 0.5% to 660.33 points by 0807 GMT and was near a two-month high it hit in the previous session. Basic resources rose 2.7%, boosted by ArcelorMittal’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "EU-Startups",
        "title": "Top 50: Women business angels shaping European Tech",
        "url": "https://urgent.news/2026/11/05/top-50-women-business-angels-shaping-european-tech",
        "published": "2026-11-05T11:31:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}