European stocks rise near the close as Brent falls 7.26% and Ibex 35 gains 1.70%
European indexes were higher in late trading on Monday. The FTSE MIB stood at 50026.86 at 17:14 CET, while Brent crude dropped to 105.19 and gold rose.
- 01FTSE MIB at 50026.86 at 17:14 CET, up 1.06% in late trading
- 02STOXX Europe 600 at 649.93 at 17:14 CET, up 0.49%
- 03Ibex 35 up 1.70% at 17:16 CET, the largest gain among the indexes in the pack
- 04Brent at 105.19, down 7.26%; EUR/USD at 1.1199
European stock markets were higher in late trading on Monday, 2 November 2026. The FTSE MIB in Milan stood at 50026.86 at 17:14 CET, up 1.06% from the previous close of 49500.97.
What happened
The pan-European STOXX Europe 600 was at 649.93 at 17:14 CET, near the close. That is a gain of 0.49% from 646.75 in the previous session.
Madrid recorded the largest advance in the pack. The Ibex 35 stood at 18970.7 at 17:16 CET, up 1.70% from 18652.9. These prices are the latest available before the end of trading.
In Frankfurt, the DAX was at 25997 at 17:31 CET, up 0.84% from 25779.5. In Paris, the CAC 40 was at 8045.07 at the same time, up 0.95% from 7969.42. Because the indexes carry different times, their moves are not strictly simultaneous.
Why it matters
The sharpest move came from energy. Brent crude stood at 105.19 at 16:31 UTC, down 7.26% from the previous level of 113.43. Oil is a key input cost for European industry and a driver of inflation, so a drop of this size draws close attention from companies and policymakers.
Currency and metals also moved. EUR/USD stood at 1.1199, up 0.30% from 1.1166. Gold futures were at 3975 at 16:21 UTC, up 1.95% from 3898.9.
For Italian and European politics, energy prices feed directly into household bills and public finances. They also shape the debate on budgets and on support for businesses. For investors, the session shows how closely European equity moves are tied to the oil price.
What to watch next
The final index levels for the European markets will be set after the last auction of the day and may differ from the late prices reported here. They will show whether the gains held into the final minutes of trading.
The next signal is whether Brent stays near 105.19 or moves back toward the previous level of 113.43. The euro-dollar rate, now at 1.1199, will also be followed by exporters and by those who hold dollar-denominated assets. Gold, which rose 1.95% in the session, completes the picture of how markets are pricing risk at the start of the week.
Sources:UCapital Markets (ucapital.com)
UCapital24 S.p.A. or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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