European Markets React to Geopolitical Tensions

In a surprising turn of events, major European stock markets demonstrated resilience on Monday morning despite the ongoing geopolitical tensions between US President Donald Trump and Ukrainian President Volodymyr Zelensky. Investors seem to be looking beyond the immediate political turmoil, focusing instead on upcoming economic indicators that could influence market directions in the near term.

Economic Data on the Horizon

This week, the European market is set to receive a slew of important economic data, including manufacturing PMI figures and the European Union's inflation report. These indicators are crucial for investors trying to gauge the health of the European economy amidst global uncertainties.

Market Movements

As of 8:01 am CET, the DAX index saw a modest increase of 0.19%, while the CAC 40 remained flat. The FTSE 100, on the other hand, enjoyed a more significant rise of 0.45%. The pan-European Euro Stoxx 50 index also experienced a 0.36% uptick. Currency markets reacted as well, with the euro appreciating by 0.33% against the dollar, trading at $1.04085, and the pound increasing by 0.13% to $1.25976 at 7:59 am CET.