European Markets Open Higher Amid Geopolitical Developments

Following the conclusion of the highly anticipated meeting between the United States and Russian presidents in Alaska, major European stock markets showed positive movement in premarket trading on Monday. The discussions, which focused on the conflict in Ukraine and bilateral relations, have set the stage for further high-level talks in Washington today, involving Ukrainian President Volodymyr Zelensky and US President Donald Trump, with participation from Kiev's European and NATO allies.

Economic Data on the Horizon

Investors are also turning their attention to today's economic data releases, including Switzerland's industrial production figures and Europe's trade data, which could provide further direction for the markets.

Market Movements

At 8:02 am CET, Germany's DAX saw a 0.1% increase, while France's CAC 40 and the pan-European Euro Stoxx 50 rose by 0.11% and 0.32%, respectively. The UK's FTSE 100 also advanced by 0.23%. Currency markets remained steady, with the euro and pound trading flat against the dollar at $1.17068 and $1.35620, respectively, as of 7:59 am CET.