FX.co ★ European Stocks Kick Off the Week Higher

European stocks began the week on a positive note, with the STOXX 50 climbing 0.9% and the STOXX 600 increasing by 0.6%. Investors are looking forward to the upcoming earnings season and are largely dismissing concerns over trade tensions between the United States and China. Despite Friday's statement from Washington about potentially increasing tariffs on China following Beijing's rare earth export restrictions, President Trump reassured on Sunday that the "China situation will all be fine." Noteworthy companies like ASML and LVMH are anticipated to release their quarterly earnings reports this week. Politically, French President Macron has reshuffled his cabinet, reinstating Prime Minister Lecornu. Major stocks experienced gains, including SAP rising by 0.7%, LVMH by 1.2%, ASML Holding by 2.6%, and Hermès by 1.8%. Additionally, AstraZeneca shares increased by 0.7% after the pharmaceutical company reached a deal with the U.S. administration last Friday to supply specific medicines to the Medicaid program at reduced prices in return for tariff concessions.