European Shares Rebound Amid Trade Tensions and Strategic Acquisitions

European shares stabilized on Monday, supported by a resurgence in technology and mining stocks. The stability followed a turbulent Friday influenced by escalating U.S.-China trade tensions.

The pan-European STOXX 600 index climbed 0.6% by 0719 GMT, recovering from last week's 1.3% drop after U.S. President Donald Trump proposed 100% tariffs on Chinese imports, causing significant market volatility. Despite plunges in Asian stocks, European markets and Wall Street futures indicated a more optimistic outlook as President Trump adopted a more diplomatic tone over the weekend.

France's CAC 40 led the major European markets with a 0.9% rise, bolstered by Sebastien Lecornu's reinstatement as prime minister. AstraZeneca's shares increased by 0.7% following a deal with the U.S. President to sell medicines at a discount. Additionally, PSI Software surged 37% after Warburg Pincus's acquisition announcement, and Exosens shares soared by 13% amid Theon International's acquisition plans, despite a drop in Theon's own shares.

(With inputs from agencies.)