European shares steady as defence stocks climb on Russia sanctions threat
May 27 (Reuters) - European shares remained stable on Tuesday, supported by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, though broader gains were restrained by ongoing caution over U.S. trade policy shifts.
The continent-wide STOXX 600 index (.STOXX), opens new tab held its ground at 551.53 points, as of 0711 GMT. The benchmark closed 1% higher in the previous session after Trump extended the tariff deadline on the European Union to July 9 from June 1.
Europe's defence index (.SXPARO), opens new tab rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine.
In Britain, the FTSE 100 (.FTSE), opens new tab jumped nearly 1% as investors returned to active trading following a holiday on Monday.
French benchmark index CAC 40 (.FCHI), opens new tab dipped 0.15% in early trading on Tuesday. Data showed consumer prices rose less than anticipated in May, signalling subdued inflationary pressure.
Germany's DAX 40 (.GDAXI), opens new tab advanced to hover near a record peak. A recent survey indicated consumer sentiment is set to improve slightly heading into June, though cautious household spending may limit a robust recovery in Europe's largest economy.
Shares in FLSmidth (FLS.CO), opens new tab rose 3.7% after Goldman Sachs raised the mining and cement technology supplier's rating to "buy" from "neutral".
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Daily Mail
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JD Vance reveals how President Trump really feels about Elon's attacks and reacts to awkward call for impeachment
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Belfast Telegraph
28 minutes ago
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Daily Mail
an hour ago
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'Those tempted to refuel without paying need to feel there is a real threat of being caught and punished.'
