European shares extend the profits before the US-Russian talks
European shares rose on Monday, extending a strong momentum from last week on optimism for the potential agreement of Ukraine peace, while investors divert their attention to future US inflation data and tariff negotiations this weekend.
The SXXP Pan-European Stoxx 600 index rose 0.3% at 0708 GMT, floating near the strongest level since July 31.
Ukraine President Volodymyr Zelenskiy won diplomatic support from Europe and the NATO alliance ahead of the Russian Summit this week, where Kyiv was worried that Russian President Vladimir Putin and US President Donald Trump might try to determine the requirements to end the 3-1/2 year war.
Trump, who will meet Putin in Alaska on Friday, said the potential agreement will involve “some regional exchange with the second improvement (side).”
The hope of a peaceful agreement burdens the German defense company. Rheinmetall RHM shares fell 3.7%, while those in R3NK R3NK and Hensoldt HAG have fallen 3%and 2.1%.
ORSTED ORSTE falls 22% after the Danish wind agriculture developer said that his party planned the issue of 60 billion crown rights ($ 9.4 billion), quoting an adverse development in the offshore wind market.
North NB2 data fell almost 3% after the US video platform and Cloud Rumble Rum service provider said that he was considering an offer of around $ 1.17 billion for the German cloud AI group.
Source: Reuters
