European Shares Steady as Leaders Aim for Peace Deal
European shares were stable on Monday as investors closely monitored meetings between Ukraine, European leaders, and U.S. President Donald Trump. This follows a summit with Russia that ended without a deal. Trump and Putin agreed on the need for a peace deal without a ceasefire.
European shares remained largely unchanged in early Monday trading, as investors kept a close eye on developments in meetings involving Ukraine, European leaders, and U.S. President Donald Trump. This followed a Russia-U.S. summit concluding without an immediate agreement.
The pan-European STOXX 600 index held flat at 0704 GMT, following a second consecutive week of gains on Friday. Notably, Ukraine's Volodymyr Zelenskiy is set to meet with Trump and other European figures to pursue a peace deal that does not advantage Moscow.
Trump recently met his Russian counterpart, Vladimir Putin, agreeing on the pursuit of a peace deal without implementing a ceasefire. Meanwhile, Novo Nordisk shares rose 4.1% after its weight-loss drug Wegovy secured accelerated FDA approval to treat a severe liver condition. Vestas also saw a 9.7% hike, while Commerzbank fell 3.7% following a Deutsche Bank rating downgrade.
(With inputs from agencies.)
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