European shares steady as defence stocks climb on Russia sanctions threat
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
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.
by Taboola
by Taboola
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Europe's defence index rose 1% on the day after President Trump said he would recommend additional sanctions on Moscow, amid escalating tensions between Russia and Ukraine.
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In Britain, the FTSE 100 jumped nearly 1% as investors returned to active trading following a holiday on Monday.
French benchmark index CAC 40 dipped 0.15% in early trading on Tuesday. Data showed consumer prices rose less than anticipated in May, signalling subdued inflationary pressure.
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Germany's DAX 40 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 rose 3.7% after Goldman Sachs raised the mining and cement technology supplier's rating to "buy" from "neutral".
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