European Shares Rise on Mining Gains; ArcelorMittal Tops Profit Expectations, Rheinmetall Cuts Sales Forecast

European shares opened higher on Thursday, led by gains in mining companies. ArcelorMittal saw a 6% increase after the world's second-largest steel maker topped core profit expectations. In contrast, Rheinmetall's shares slid 14% after the company cut its 2026 sales forecast for the second time in three months, citing delays in contract awards and revenue from artillery ammunition.