Tuesday 18/February/2025 – 10:20 pm
European stocks were closed at the highest level ever today, Tuesday, led by the banks and defense industries sectors, amid expectations of military spending in the continent’s countries after talks to end the conflict between Russia and Ukraine.
European stocks
The European Stoxx 600 index rose 0.3%, and the main index in Germany offers 0.2% to a new peak also.
The shares of medium -sized companies in Germany increased 0.5% to close at levels that have not been seen since August 2023.
The United States and Russia said they agreed to move forward in efforts to end the war in Ukraine after talking in the Saudi capital, Riyadh, without the participation of Kiev.
European leaders expressed the need to increase defense spending in response to the decline in the United States’s desire to take the initiative to defend Europe, a step that is likely to increase government borrowing, according to Reuters.
Euro region bonds
The revenues increased on the euro area bonds, which contributed to the rise of the bank’s sub -index 1.9% to lead the gains of the sectors.
The sub -index of the shares of defense industries companies rose 0.8%, with Leonardo increased 2.1%, Swedish SABB 0.6% and French Mallis 2.3%.
Germany Tesinkroub advanced 7% after its increase by 20% yesterday, Monday.
The defense industries sector has achieved gains for the eighth session, after 4.6% climbed the last session in the largest increase in one day since Russia’s war of Ukraine in February 2022.
In terms of data, consumers ‘prices in France increased 1.8% on an annual basis in January, in line with analysts’ expectations and initial data.
German investors have improved more than expected in February, and the share of IHG, which owns the Holiday Inn hotel series, fell 4.7% after announcing the results of its business last year.
HSBC rose 1.9% after the bank announced the layoff of about 40 employees in the Hong Kong investment services sector as part of a global restructuring process aimed at reducing costs.
