U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy on the White Home in Washington, D.C., on Feb. 28, 2025.
Nathan Howard | Reuters
LONDON — European shares had a blended session on Monday as merchants monitored company updates and a gathering between regional leaders and U.S. President Donald Trump to debate Ukraine.
The pan-European Stoxx 600 index provisionally closed fractionally above the flatline. Well being-care shares led beneficial properties, up 1.4%, as Novo Nordisk shares climbed 6.6%. The Danish pharmaceutical big’s blockbuster weight-loss drug Wegovy gained regulatory approval in america to deal with a critical liver illness.
European leaders, together with German Chancellor Friedrich Merz, French President Emmanuel Macron and British Prime Minister Keir Starmer, are touring with Ukraine’s Volodymyr Zelenskyy to Washington to satisfy Trump on the White Home to debate a peace deal.
Zelenskyy is more likely to come below stress to enter a deal. In a publish on Fact Social, Trump mentioned the president may “finish the conflict with Russia virtually instantly, if he needs to, or he can proceed to battle.” The assembly follows Trump’s summit with Russian President Vladimir Putin final Friday, however the talks concluded and not using a ceasefire.
Vestas surges
Shares of Danish wind turbine producer Vestas Wind surged 14.2%, after the U.S. Inner Income Service issued new guidelines round tax credit for clear power tasks. Below the brand new system, builders will solely be capable of qualify as soon as bodily work on the venture begins. Beforehand, they had been capable of declare tax reduction by paying a minimum of 5% of venture prices and demonstrating that some type of work on the venture was ongoing.
On the different finish of the Stoxx 600, Commerzbank fell 3.4%. The German lender was downgraded from a “purchase” to a “maintain” by strategists at Deutsche Financial institution on Monday, who cited its excessive price-to-earnings premium after the inventory tripled during the last yr.
Shares in U.Ok. homebuilders dipped barely, after the Guardian reported that the federal government is contemplating a brand new tax on gross sales of houses price greater than £500,000 ($676,000). CNBC has contacted the U.Ok. Treasury for remark.
Asia-Pacific markets largely rose on Monday, whereas U.S. shares had been little-changed in early offers as buyers await a string of Federal Reserve speeches and monitor retail earnings.
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