Wednesday on European stock exchanges brings very good investor sentiment. Most indices are up more than 0.5%. The macroeconomic calendar for today remains relatively empty, with market attention focused on the FOMC minutes. The current quotes for the main European index contracts are as follows:
Source: xStation
Currently observed volatility on the broader European market. Source: xStation
The German DE40 index is up 0.97% in today's session and remains above the support zones set by the 50-day exponential moving average (blue curve on the chart) and recent historical highs at 24,512 points. As long as the D40 remains above these zones, the overall upward trend remains stable (as determined by the exponential moving averages). The 14-day RSI indicator is returning to around 64 points (values close to the technical overbought barrier). Source: xStation
Market news
European mining stocks fell sharply after President Trump announced a higher-than-expected 50% tariff on copper imports to the United States, causing turmoil in the metals markets. This led to a record increase in copper futures prices in New York and a drop in copper prices on the LME by as much as 2.4%. Major European mining companies such as Glencore (GLEN.UK), Anglo American (AAL.UK), Antofagasta (ANTO.UK) and KGHM Polska (KGH.PL), saw significant declines in their share prices, as copper is a key source of revenue for many of them. Analysts noted that companies with significant exposure to copper exports to the United States, such as Antofagasta and KGHM, are at the greatest risk.
Today's quotes for selected European mining companies. Source: xStation
UniCredit (UCG.IT) shares rose 3.6% after the Italian bank increased its stake in Commerzbank (CBK.DE) by 1 percentage point, reaching a total stake of around 20% and becoming the largest shareholder. The move is seen as a strategic step to deepen UniCredit's influence in the German banking sector.
EssilorLuxottica (EL.FR) shares soared 5.6% after META Platforms (formerly Facebook) announced a $3.5 billion investment in the eyewear giant, signaling a strategic partnership likely focused on smart glasses and augmented reality technologies. The move follows earlier collaborations between the two companies, such as smart glasses, and puts EssilorLuxottica at the forefront of innovation in wearable technology.
Other news from individual DAX companies. Source: Bloomberg Financial Lp
J.B. Hunt gains 18% after strong quarterly results 🚀
BREAKING: NATGAS declines after EIA data 📌
Stock of the Week - Lam Research Corp (16.10.2025)
Salesforce surges 8% amid positive long-term revenue forecast📈
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
