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European stock markets rose, strong performance driving market risk appetite higher.
European stock markets rose on Monday, as strong corporate earnings overshadowed concerns about potential US tariffs on imports and exports. The Stoxx Europe 600 index rose 1.1%, reaching its highest closing level since November. Cyclical sectors led the gains, with construction, banks, and industrial stocks at the forefront. German auto parts manufacturer Continental AG saw its stock price rise after releasing its financial report; Hannover Reinsurance saw an increase in stock price as the reinsurance company raised its profit target for 2024. Chemical manufacturer Venator International saw its stock price rise again after confirming its outlook. National Westminster Bank spent 1 billion British pounds to repurchase stocks from the UK government.
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