Europe midday: Shares extend gains; Bayer surges on Trump support
By Frank Prenesti
Date: Tuesday 02 Dec 2025
(Sharecast News) - European shares extended gains on Tuesday with Bayer shares surging on news that the Trump administration supported moves to curb US legal action related to its Roundup weedkiller.
The pan-regional Stoxx 600 index was up 0.39% to 577 points at 1148 GMT with all major bourses higher. Eyes were also on talks to end the war in Ukraine with diplomatic efforts continuing.
"US markets slipped last night on light volumes, as investors seemed to be shaking off the weekend's Thanksgiving celebrations. Futures point to a muted start again today, with US markets still hovering near record highs but lacking fresh catalysts," said Hargreaves Lansdown analyst Matt Britzman.
"A quiet earnings calendar and sparse economic data keep the tone subdued, leaving investors looking ahead to Friday's delayed PCE inflation report. With rate-cut odds for next week sitting at 86%, inflation data could be the spark everyone's waiting for, if it's supportive of further cuts."
Oil prices edged higher, with Brent crude ticking just above $63 on the back of geopolitical tensions as Ukrainian strikes into Russia hit key infrastructure, while US aggression towards major producer Venezuela also fuelled supply concerns.
On the economics front, eurozone inflation unexpectedly edged higher in November as energy price deflation slowed and price pressures in the services sector picked up.
The annual change in the consumer price index across the single-currency region was 2.2% last month, up from 2.1% in October, according to data on Tuesday from Eurostat.
This surprised analysts who had expected no change, with the year-on-year rate of inflation hitting its joint highest level since February.
In equity news, Bayer shares jumped 15% on Washington's support to end the thousands of lawsuits alleging its Roundup weedkiller has caused health issues including cancer.
US Solicitor General D. John Sauer urged the Supreme Court on Monday to limit the lawsuits brought against chemical giant, supporting the firm's argument that federal law on pesticides pre-empts claims made under state law.
Reporting by Frank Prenesti for Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN