European stock markets reached a new high on Monday, with the pan‑European STOXX 600 index nudging up as basic resources companies led the rally.
Record High Fueled by Resource Stocks
The STOXX 600 was up 0.02% to 588.71 points after the holiday break, just shy of its earlier peak of 589.61. Within the index, basic resources firms rose about 0.7%, boosted by higher precious‑metal prices.
Other Sectors and Markets
Technology and healthcare stocks also added a modest lift, helping the broader market stay positive. Meanwhile, Germany's DAX slipped 0.2%, and Britain’s FTSE 100 and France’s CAC 40 were roughly unchanged.
- Defence and aerospace fell 1.3% after U.S. President Donald Trump said talks with Ukrainian President Volodymyr Zelenskiy were close to ending the war, though the Donbas issue remains unsettled.
- Biotech firm Abivax climbed 3.2%, ranking among the day’s top gainers on the STOXX 600.
What to Watch Next
Investors will be eyeing the Federal Reserve’s meeting minutes due on Tuesday. The Fed cut rates earlier this month and hinted at one more cut next year, but markets are betting on at least two more reductions and a dovish new chair.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.