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The flags of Denmark, left, and Greenland fly side-by-side outdoors Resort Soma in Ilulissat, Greenland, on Monday, Jan. 12, 2026.
Juliette Pavy | Bloomberg | Getty Photos
LONDON — European shares gained on Wednesday as buyers within the area concentrate on an upcoming assembly between U.S., Greenlandic and Danish officers to debate the Arctic island’s future.
By 3:25 p.m. London time (10:25 a.m. ET), the pan-European Stoxx 600 index was up 0.13%, edging larger to the touch a file excessive.
All eyes are on a gathering between U.S. Secretary of State Marco Rubio and Greenlandic and Danish officers on Wednesday, with talks set to concentrate on President Donald Trump’s repeated advances towards “buying” the semi-autonomous Danish territory.
Denmark and Greenland have repeatedly mentioned the Arctic island will not be on the market, however Trump has mooted the opportunity of utilizing army drive to grab the mineral-rich island.
In company information, oil big BP warned on Wednesday that it expects to take impairment prices of between $4 billion and $5 billion for the fourth quarter of 2025. The corporate mentioned these prices have been associated to its fuel and low carbon vitality models, and could be excluded from underlying substitute price revenue. It additionally warned that it expects its oil buying and selling consequence to be weaker within the interval, in comparison with the third quarter.
BP’s London-listed shares have been final seen buying and selling 1.1% larger.
In the meantime, shares of mining big Fresnillo — the world’s main silver producer — touched on a file excessive shortly after the open earlier than retreating by mid-afternoon, and was final seen hovering just under the flatline. It got here after spot silver rose above $90 an oz for the primary time.
Spot silver worth
Extra broadly, mining shares notched positive factors on Wednesday as gold, silver and copper costs continued to rise, with the Stoxx Fundamental Sources index including 1.4%.
High movers within the sector included Glencore, which gained 3.1% by mid-afternoon dealmaking. Earlier this week, the corporate confirmed it had re-entered talks with Rio Tinto a few potential mega-merger that might create the world’s largest mining agency.
Elsewhere, European ammunition maker Czechoslovak Group mentioned Wednesday morning that it plans to checklist in Amsterdam within the coming weeks, at a possible valuation of round 30 billion euros ($34.94 billion). The corporate expects to learn from a regional protection spending tremendous cycle amid rising geopolitical uncertainty. Early commitments from funds together with Artisan Companions, BlackRock and Al-Rayyan already complete 900 million euros, as companies race to achieve publicity to what may change into certainly one of Europe’s most useful protection companies.
Protection shares fell after initially inching larger on Wednesday, with the regional Stoxx Europe Aerospace and Protection index shedding 1.4% amid rising tensions associated to Greenland, widespread and violent protests in Iran — and the promise of intervention from the U.S. if protesters are executed — and the fallout from Washington’s ousting of Venezuelan President Nicolas Maduro final week.
— CNBC’s Michael Considine and Olivia Levieux contributed to this text.
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