Europe Market Wrap 10 November: Madrid Leads Gains as Oil and Gas Falls for an Eighth Day
First published at 14:00 GMT; updated with the session’s closing edition at 17:29 GMT.
The Takeaway: Eight of the nine European indices we track closed higher on Tuesday, led by Madrid’s IBEX 35 with a 0.98% gain, while London’s FTSE 100 fell 0.29%. The Guardian reported that stock markets climbed on Tuesday morning as oil fell to its lowest level since late August after Donald Trump said the war on Iran was “effectively over”. Oil and gas fell 1.60% for an eighth straight decline, the weakest of the eight sectors we track.
Frankfurt’s DAX gave back most of an intraday advance of as much as 1.40% to close at its session low, up 0.31% on Xetra’s closing price.
Madrid leads as London’s FTSE 100 slips
The FTSE 100 closed 0.29% lower, the only one of the nine to fall. Earlier, the Guardian reported that stock markets climbed on Tuesday morning as oil fell to its lowest level since late August after the US president said the war on Iran was “effectively over”, with BP and Shell the biggest losers in London at that point. Brent traded 0.66% lower at $91.96 a barrel after the European close.
In Frankfurt, Henkel led the exchange’s list of the DAX’s biggest gainers, ahead of Hannover Re and Zalando, while Siemens Energy headed the fallers. The IBEX 35 rose 0.98%, the largest gain of the nine, and Milan’s FTSE MIB added 0.69%; the remaining closes are in the table below.
Banks lead the sectors as oil and gas falls for an eighth day
Banks rose 1.08%, the strongest of the eight Stoxx Europe 600 sectors we track, and personal and household goods added 0.50%. Oil and gas fell 1.60% for an eighth straight session, and basic resources lost 1.39%.
European closes, ranked
| Index | Close | Change |
|---|---|---|
| IBEX 35 (Spain) | 19,936.40 | +0.98% |
| FTSE MIB (Italy) | 51,755.08 | +0.69% |
| SMI (Switzerland) | 15,037.94 | +0.61% |
| Euro Stoxx 50 (euro area) | 6,327.87 | +0.59% |
| CAC 40 (France) | 8,278.59 | +0.55% |
| DAX (Germany), Xetra close | 26,347.45 | +0.31% |
| Stoxx Europe 600 (Europe) | 658.32 | +0.27% |
| AEX (Netherlands) | 1,132.44 | +0.22% |
| FTSE 100 (UK) | 10,751.59 | -0.29% |
Closes of Tuesday 10 November 2026 from the exchanges’ own pages, ranked by change against Monday’s closes as published; eight rose and the FTSE 100 fell. The Stoxx rows are the administrator’s 17:00 GMT final values.
Stoxx Europe 600 sectors
| Sector | Change |
|---|---|
| Banks | +1.08% |
| Personal and household goods | +0.50% |
| Technology | +0.49% |
| Autos and parts | -0.67% |
| Basic resources | -1.39% |
| Oil and gas | -1.60% |
The three strongest and three weakest of the eight supersectors we track, at the 17:00 GMT final values; the other two: health care -0.26% and telecoms -0.30%.
Commodities and currencies
| Asset | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | 4,029.30 | -2.07% |
| Silver, COMEX (Dec’26), dollars an ounce | 51.29 | -2.67% |
| Brent Crude, ICE (Jan’27), dollars a barrel | 91.96 | -0.66% |
| WTI Crude, NYMEX (Dec’26), dollars a barrel | 86.56 | -0.33% |
| US Dollar Index (DXY) | 102.35 | +0.69% |
| Euro/Dollar | 1.1150 | -0.65% |
| Sterling/Dollar | 1.3326 | -0.85% |
| Dollar/Yen | 158.78 | +0.56% |
Intraday quotes at 17:18 GMT, the metals and crude as of 17:08 GMT, in fixed order; snapshots, not settlements, with the four futures measured against Monday 9 November’s official settlements and the dollar index and currencies against the feed’s previous closes.
Asia, session of Tuesday 10 November 2026
| Index | Close | Change |
|---|---|---|
| Kospi (South Korea) | 5,239.13 | +4.39% |
| Nikkei 225 (Japan) | 60,459.58 | +2.87% |
| Taiex (Taiwan) | 42,711.92 | +2.52% |
| Topix (Japan) | 3,893.71 | +1.98% |
| Straits Times (Singapore) | 5,258.59 | +1.53% |
| S&P/ASX 200 (Australia) | 9,129.00 | +1.10% |
| Shenzhen Component (China) | 11,241.54 | +0.86% |
| Hang Seng (Hong Kong) | 24,557.04 | +0.44% |
| Shanghai Composite (China) | 3,663.72 | +0.08% |
Carried from our Asia Market Wrap of Tuesday 10 November 2026, ranked by change; all nine rose, with the Straits Times measured against Friday 6 November’s close, and India’s market did not trade on the Diwali Balipratipada holiday.
Middle East, session of Tuesday 10 November 2026
| Index | Close | Change |
|---|---|---|
| EGX 30 (Egypt) | 52,483.46 | +2.08% |
| DFM General (Dubai) | 6,170.20 | +1.36% |
| FTSE ADX General (Abu Dhabi) | 9,555.78 | +0.77% |
| QE Index (Qatar) | 10,177.23 | +0.69% |
| MSX 30 (Oman) | 7,279.414 | +0.63% |
| Tadawul All Share (Saudi Arabia) | 10,168.10 | +0.61% |
| Boursa Kuwait All-Share (Kuwait) | 8,541.18 | +0.20% |
| Bahrain All Share (Bahrain) | 1,824.34 | +0.15% |
| ASE Index (Jordan) | 4,067.99 | -0.49% |
Carried from our Middle East Market Wrap of Tuesday 10 November 2026, ranked by change against Monday 9 November’s closes; Amman’s ASE index was the only faller. The Saudi, Dubai, Muscat, Bahrain and Amman pages print their changes without a sign and Cairo’s dated history prints closes only, with the direction from our arithmetic.
What to watch: European Central Bank President Christine Lagarde speaks on a panel at the Paris Peace Forum on Wednesday 11 November at 09:45 GMT. The ECB publishes its Economic Bulletin on Thursday 12 November, and the ECB’s Boris Vujcic joins a panel at the launch of the IMF’s Regional Economic Outlook for Europe in Brussels the same day at 15:30 GMT.
Closes are from the exchanges’ own pages and, for the Stoxx indices, the administrator’s final values on the price feed, measured against Monday’s closes as published, with run lengths counted against The Edge’s published records; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: Deutsche Boerse, London Stock Exchange, Euronext, Borsa Italiana, BME, SIX, STOXX, The Guardian, European Central Bank, The Edge.
