Why are European mining stocks falling?

European mining stocks are declining as traders unwind their exposure to metals, with copper extending a slump and gold and silver also falling.

What led to Novo Nordisk's stock drop?

Novo Nordisk shares fell after ABG Sundal Collier downgraded the stock to 'hold' from 'buy', citing concerns about the 2026 investor outlook.

What are Intensa Sanpaolo's plans for investors?

Intensa Sanpaolo plans to return about €50 billion to investors through 2029, prioritizing payouts over large deals.

Home / Business and Economy / Mining Stocks Tumble as Traders Exit Metals

Mining Stocks Tumble as Traders Exit Metals

2 Feb

•

Summary

European mining stocks decline amid unwinding of metals exposure.
Novo Nordisk shares fell after a downgrade due to future concerns.
Intensa Sanpaolo plans significant investor returns by 2029.

Mining Stocks Tumble as Traders Exit Metals

European mining stocks experienced a notable decline as traders began unwinding their positions in metals markets. This downturn is partly attributed to copper extending its slump from a recent record high, with gold and silver also seeing further price drops.

Novo Nordisk shares saw a decrease of up to 3.3% after receiving a downgrade from 'buy' to 'hold' by ABG Sundal Collier. The firm indicated that recent results do not sufficiently de-risk the company's investor narrative for 2026.

Conversely, Italian bank Intensa Sanpaolo SpA announced plans to distribute around €50 billion ($59.3 billion) to its investors by the year 2029. CEO Carlo Messina is focusing on a strategy that emphasizes shareholder payouts over pursuing significant business deals.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.