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European stocks closed higher on Monday, led by gains in defense stocks amid concerns about Israel – Hamas spat over Gaza ceasefire violation, and U.S. President Donald Trump’s comments that there is not any great prospect of peace in Ukraine.<\/p>\n
Expectations of improved trade relations between China and the U.S. contributed as well to the positive mood in the markets<\/span>.<\/p>\n Financials stocks found some support as concerns about the health<\/span> of U.S. banking sector eased a bit. Investors also reacted to a slew of corporate news. <\/p>\n US President Donald Trump sought to ease trade tensions, saying the much higher tariffs he had threatened to impose on Chinese imports wouldn’t be sustainable. A new round of US-China trade talks are also set for this week.<\/p>\n The pan European Stoxx 600 gained more than 1%. The U.K.’s FTSE 100 climbed 0.52%, Germany’s DAX surged 1.8% and France’s CAC 40 gained 0.39%, while Switzerland’s SMI edged down 0.07%.<\/p>\n Among other markets in Europe, Belgium, Denmark, Finland, Greece, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden and Turkiye closed higher. <\/p>\n Czech Republic edged up marginally, while Iceland ended weak. <\/p>\n In the UK market, Polar Capital Technology Trust, Whitbread, Fresnillo, Airtel Africa, Weir Group, Rolls-Royce Holdings, Anglo American Plc and Babcock International climbed 2 to 2.6%.<\/p>\n BAE Systems, Rio Tinto, Prudential, Burberry Group, Informa, Relx, St. James’s Place and Intertek Group also closed notably higher.<\/p>\n Pearson ended down by 2.7%. Persimmon, Associated British Foods, Rightmove, Metlen Energy & Metals, Centrica, Berkeley Group Holdings, United Utilities, WPP, Next and Marks & Spencer closed weak.<\/p>\n In the German market, Rheinmetall surged 5.8%. Infineon gained about 5%. SAP, Daimler Truck Holding, Continental, Bayer, Siemens, Commerzbank, Heidelberg Materials, Adidas, Zalando, Deutsche Post, Deutsche Bank and Hannover Rueck gained 1 to 3.3%.<\/p>\n In the French market, Kering climbed nearly 5% after the company agreed to sell its beauty division to L’Or\u00e9al for \u20ac4 billion. L’Oreal shares are modestly higher.<\/p>\n Airbus Group gained more than 1.5% after the company recieved an order for 30 aircraft from India’s IndiGo.<\/p>\n STMicroElectronics gained about 4.7%. Thales closed 3.7% up. Stellantis, Eurofins Scientific, Safran, Accor, ArcelorMittal, Renault, Dassault Systemes, Capgemini, Hermes International, L’Oreal, Legrand and LVMH also ended with strong gains.<\/p>\n BNP Paribas tumbled nearly 8% after a US jury held the bank responsible for helping to sustain Sudan’s brutal regime under deposed leader Omar al-Bashir. The panel awarded three plaintiffs more than $20 million in damages.<\/p>\n Teleperformance, Veolia Environment, Orange, Societe Generale and Credit Agricole closed notably lower.<\/p>\n In economic news, data from Destatis showed Germany’s producer prices decreased 1.7% year-on-year in September, following a 2.2% drop in August. Prices have been falling since March.<\/p>\n Month-on-month, producer prices slid 0.1%, while prices were expected to climb 0.1%. However, this was slower than the 0.5% decrease posted in August. <\/p>\n<\/p>\n<\/div>\n