European stocks hit record highs amid Ukraine peace hopes
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European markets rally on defense spending expectations
European futures FESX1! reached new record highs on tuesday as defense stocks soared, fueled by expectations of increased military spending. On monday, the stoxx 600 index climbed 0.5%, with defense and aerospace stocks surging 4.6% to all-time peaks. Rheinmetall, Saab, BAE systems, Thyssenkrupp, and Thales saw strong gains, reflecting a market shift toward a new era of elevated defense budgets.
U.S. - Russia talks in focus
Investors are closely watching today’s bilateral peace talks between u.s. and russian officials in Saudi Arabia. However, Ukraine’s president Zelensky has rejected any negotiations that do not include his country, leaving uncertainty about the impact of these discussions. The outcome could influence defense stocks and broader european markets in the coming sessions.
China stocks rally as Xi meets business leaders in Asia
Hong Kong’s Hang Seng Index (hsi) climbed to its highest level since october, while the HSTECH index surged to a three-year high, driven by optimism after Xi Jinping’s meeting with business leaders. Artificial intelligence stocks led the gains, pushing the index up more than 25% year-to-date. Alibaba shares jumped 2% after founder Jack Ma was seen shaking hands with Xi on state television.
Trading outlook
With european stocks at record levels, investors are assessing the potential for further upside in defense and aerospace names. Short-term resistance for the stoxx 600 is near record highs, while key support lies around 485-490. Traders are also eyeing german elections this weekend, which could impact the euro EUR/USD and broader market sentiment.
European futures FESX1! reached new record highs on tuesday as defense stocks soared, fueled by expectations of increased military spending. On monday, the stoxx 600 index climbed 0.5%, with defense and aerospace stocks surging 4.6% to all-time peaks. Rheinmetall, Saab, BAE systems, Thyssenkrupp, and Thales saw strong gains, reflecting a market shift toward a new era of elevated defense budgets.
U.S. - Russia talks in focus
Investors are closely watching today’s bilateral peace talks between u.s. and russian officials in Saudi Arabia. However, Ukraine’s president Zelensky has rejected any negotiations that do not include his country, leaving uncertainty about the impact of these discussions. The outcome could influence defense stocks and broader european markets in the coming sessions.
China stocks rally as Xi meets business leaders in Asia
Hong Kong’s Hang Seng Index (hsi) climbed to its highest level since october, while the HSTECH index surged to a three-year high, driven by optimism after Xi Jinping’s meeting with business leaders. Artificial intelligence stocks led the gains, pushing the index up more than 25% year-to-date. Alibaba shares jumped 2% after founder Jack Ma was seen shaking hands with Xi on state television.
Trading outlook
With european stocks at record levels, investors are assessing the potential for further upside in defense and aerospace names. Short-term resistance for the stoxx 600 is near record highs, while key support lies around 485-490. Traders are also eyeing german elections this weekend, which could impact the euro EUR/USD and broader market sentiment.