European Stocks End Monday Higher
The continent-wide Stoxx 600 benchmark advanced 5.62 points, registering a 0.94% climb to settle at 601.76. The index's aerospace and defense sector exploded upward by 4.1%, leading the day's rally.
Germany's DAX 40 surged 1.34%, marking an all-time peak at 24,868.69 points. Britain's FTSE 100 added 0.54%, finishing at 10,004.57, while France's CAC 40 edged up 0.2% to 8,211.5.
Italy's FTSE MIB climbed 1.04% to 45,847.32 points, and Spain's IBEX 35 advanced 0.7%, closing at 17,614.4 points.
Geopolitical upheaval seized market attention as the week opened, following America's weekend military operation in Venezuela and the seizure of President Nicolas Maduro, sparking heightened global tensions.
Defense contractor shares propelled benchmark gains. German arms manufacturer Rheinmetall skyrocketed 9.55%, while combat vehicle transmission producer Renk jumped 8.02%. Surveillance technology firm Hensoldt climbed 7.98%.
French defense conglomerate Thales closed 4.93% higher, Safran gained 1.6%, and Dassault Systemes rose 3.85%.
British defense powerhouse BAE Systems surged 5.83%, while Italian aerospace and defense corporation Leonardo added 5.49%.
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