European stock markets posts strong gains
European stock markets posted strong gains, led by a record-breaking performance of the STOXX Europe 600, which rose 0.94% and closed above 600 points for the first time in history. Buying accelerated late in the session, supported by rising U.S. markets and heightened geopolitical tensions, which boosted defense stocks. Shares of Rheinmetall, Saab, and Leonardo surged sharply, lifting the aerospace and defense sector by over 4%. London’s FTSE 100 and Frankfurt’s DAX also hit record highs, while Paris’s CAC 40 moved closer to its peak.
Technology, industrial, and financial stocks outperformed, whereas food, automotive, and chemical shares lagged.
(pb.pl)