European shares hover near record highs as earnings offset Mideast uncertainty
VGK•Energy and mining stocks gain
Energy stocks .SXEP rose 0.6%, tracking higher oil prices.
Siemens Energy ENR1n.DE was up 1.3% after the energy provider posted record third-quarter results, buoyed by rising AI data centre demand and power plant projects in the Middle East.
Mining stocks .SXPP led sectoral gains, rising 1.4% as gold prices climbed to a one-month high on a weaker dollar. GOL/
Glencore GLEN.L rose 3.3% after beating forecasts with an 86% jump in first-half earnings.
Banks and drugmakers move in opposite directions
Banks .SX7P, however, fell 0.9%, with HSBC HSBA.L down 3.5% following its results a day earlier.
Novo Nordisk NOVOb.CO slid 3.8% despite lifting its full-year sales and profit outlook. Investors instead focused on a narrow sales miss for its new Wegovy pill and a trial setback for its next-generation obesity drug, CagriSema.
