European Equities Grind Sideways as Mining Strength Offsets Middle East Risk Premium
FLSmidth raises full-year guidance on strong Q2 while Nordic small-caps deliver mixed prints; Africa's critical minerals emerge as the structural story beneath the tape
European shares closed largely unchanged as gains in mining and industrials neutralized renewed geopolitical anxiety around the Middle East. FLSmidth jumped after lifting full-year guidance, while a heavy Nordic earnings slate produced divergent outcomes — Elmera profit up 30%, Xplora margins expanding, Vow and Leroy Seafood under pressure.