European Shares Rise Amid Trade Talk Progress
European shares experienced a slight uptick on Monday, bolstered by optimism surrounding U.S. trade deals and signs of progress in trade discussions. The STOXX 600 index rose by 0.2%, reflecting positive sentiment from eased U.S.-China tensions and Canada's suspension of its digital services tax to renew talks with the U.S.
European shares experienced a slight rise on Monday as optimism grew over trade talks ahead of the July 9 deadline concerning U.S. President Donald Trump's reciprocal tariffs.
The pan-European STOXX 600 index increased by 0.2%, reaching 544.47 points, although it remained set for a monthly decline. Regional indexes also ascended amid a bolstered market sentiment from eased U.S.-China trade tensions and Canada's decision to revoke its digital services tax, facilitating renewed discussions with the U.S.
In another development, the British government announced the implementation of a trade deal that reduces U.S. tariffs on UK automotive and aircraft parts, even as disputes over steel and aluminum tariffs linger. Notably, European defense stocks rose nearly 1%, driven by STMicroelectronics' 2.6% gain after a favorable J.P. Morgan forecast.
(With inputs from agencies.)
Google News