Stoxx 600, FTSE, DAX, CAC
The London skyline is seen from the Shard, the tallest building in the European Union, as the sun sets on March 28, 2017 in London, England.
Jack Taylor | Getty Images
LONDON — European stock markets will open higher on Tuesday and the positive momentum created at the beginning of the week will continue due to the impact of the region’s defense stocks.
of england FTSE The German index is expected to open with an increase of 0.31% DAX France up 0.22% CAC 40 Italy up 0.2% FTSE MIB 0.33% higher, according to IG’s data.
European defense stocks were among the strong movers on Monday; Thyssenkrupp gained almost 7.9% at the end of the session following the IPO of German warship manufacturer TKMS.
Hensoldt took the top spot STOXX 600 indexRenk, up nearly 8%, gained nearly 6.7% and Rheinmetall closed 5.9% higher after U.S. President Donald Trump had another tense meeting with Volodymyr Zelenskyy over the weekend over Ukrainian territory.
Third quarter earnings season begins this week L’Oréal And Assa Abloy The report will be given on Tuesday. There is no significant data release on Tuesday.
Looking at global markets, US stock futures rose slightly overnight following Monday’s broad rally. Investors are anticipating a busy earnings week, with Netflix and Coca-Cola reporting on Tuesday, which could shape the course of the markets.
Elsewhere, Asia-Pacific markets traded higher overnight; South Korea’s Kospi index rose more than 2% to its sixth consecutive record high, fueling a rise spurred by optimism about an upcoming trade deal with the United States.
South Korean stocks have been on the rise since US Treasury Secretary Scott Bessent told CNBC in an exclusive interview in the US on Wednesday that Washington was “nearly completing” trade talks with the Asian country.
— CNBC’s Nur Hikmah Md Ali, Hugh Leask and Pia Singh contributed to this market report.
