European Stocks Edge Up
Stocks in Europe were higher on Tuesday, with both the STOXX 50 and the STOXX 600 up 0.2%, with defense shares continuing to boost gains amid prospects European governments will need to boost defense spending to help Ukraine.
An informal summit in Paris among European leaders concluded without any concrete announcement, as the idea of deploying peacekeeping troops to Ukraine remains highly divisive.
Meanwhile, US and Russian officials will meet in Saudi Arabia today to discuss how to end the war in Ukraine, but leaving Ukraine and European countries outside. Rheinmetall, Thales, Leonardo, Hensoldt were booking strong gains. Basic resources, industrials, banks and autos were the top performing sectors while chemicals, tech, real estate were the biggest losers.
Source: Trading Economics