On Monday, both the STOXX 50 and STOXX 600 indices experienced a rise of 0.3% as investors geared up for a week marked by significant trade and geopolitical developments. The current trade ceasefire between China and the United States is set to conclude tomorrow, with prevailing uncertainty about whether it will be prolonged or if tensions might escalate again. Additionally, US President Trump and Russian President Putin are slated to meet in Alaska on Friday to address the ongoing conflict in Ukraine, although Ukrainian President Zelenskyy is reportedly not anticipated to attend. Prior to these discussions, European leaders are actively seeking meetings with President Trump.
In corporate developments, shares of Novo Nordisk increased by 2.6%, Novartis by 2.0%, and AstraZeneca by 0.7%. ASML Holding and Deutsche Telekom also saw gains of 0.9% and 1.0%, respectively. Conversely, shares of Ørsted plummeted by nearly 25% following the Danish energy company's announcement of an impending rights issue. In the defense sector, stocks underperformed, with Rheinmetall declining by 3.9% and Hensoldt decreasing by 2.6%.
