European Stocks Open Higher

Major European stock markets started the week on a positive note, with investors keenly awaiting business activity reports from Germany, the Eurozone, and the United Kingdom.

Global Attention on US-Russia Meeting

A meeting between American and Russian delegations in Saudi Arabia to discuss a ceasefire in Ukraine has captured global attention, adding an extra layer of intrigue to the market's movements.

Market Performances

The DAX advanced by 0.71% at 9:00 am CET, with Rheinmetall AG leading the charge with a 2.68% rise. The FTSE 100 and CAC 40 also saw gains, with Anglo American plc and Thales surging by 3.59% and 3.43%, respectively. The Euro Stoxx 50 improved by 0.73%, with Stellantis NV gaining 2.04%.

Currency Movements

The euro and pound both traded higher against the dollar, with the euro selling for $1.08388 and the pound going for $1.29462 at 8:58 am CET.