The European actions began the week with a positive note on Monday, shaking the losses of the previous session, since the markets weigh a relief sigh after the president of the United States, Donald Trump, delayed his threat of imposing a 50% tariff on the region.
The Stoxx 600 paneurpeo index closed 1% higher. He had lost 0.9% on Friday after Trump unexpectedly requested acute tariffs in the goods of the European Union, saying that negotiations with the region did not move quickly enough.
On Sunday, Trump extended the deadline for tariffs until July 9 from June 1, after the president of the European Commission, Ursula von der Leyen, said the 27 nations block needed more time to produce an agreement.
The automobile and pieces index, sensitive to tariff -related pressures, led broader profits with an increase of 1.8%. However, they were limited by a 3.3% decrease in Porsche.
Defense companies were among the greatest impulse to the Stoxx 600 index, with Rheinmetall and Leonardo, winning around 3% each and the aerospace and defense index that advance 1.7%.
The shares also stopped the industrial goods and services sector in 1.5%.
The defense and car sectors helped German actions to increase by 1.7%, near a record.
Luxury actions, highly exposed to the US market, also won. Kering, LVMH and Richemont shares increased approximately 1% each, as well as the broader index
“While more time for EU-EE negotiations. UU. It is good news, the speed of the shaft suggests that investors can have too optimistic on the way for commercial discussions,” said Mark Haefele, Investment Director of UBS Global Wealth Management.
The euro jumped along with other risk -sensitive currencies, while the yields of the government’s government bonds were little changed, since Trump backed away from their tariff threats.
The increase in Conerns on the economic deceleration of the United States and fiscal problems, underlined by the Moody’s credit qualification reduction on May 16, are pressing investors to limit their exposure to US assets. UU.
“If you want to have Low-Risk Portfolio, The Us is where you would go first, but with the trade tensions and geopolitic tensions, This favorable sentimental you have shifted,” Said Ipek OzkardDeskaya, a senior Market Analyst Analyst Analyst Analy Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analyst Analysis Analyst Analyst Marketteskaya.
Commercial volumes were lighter than usual due to holidays in the markets of the United States and the United Kingdom. However, future US actions rose more than 1% each.
Thyssenkrupp increased by 8.8% after a weekend report said that the manufacturer of underwater and cars pieces plans to celebrate a shareholders meeting on August 8 to approve an expected spin-off or its division of ships of ships of ships of ships. Thyssenkrupp was not immediately available to comment.
Zealand Pharma exceeded Stoxx 600 with a 10%advance.