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Europe's STOXX 600 jumps on defence stocks prospects, data in focus

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Europe's STOXX 600 jumps on defence stocks prospects, data in focus

), with defence stocks in the lead on prospects of higher military spending in Europe under a Donald Trump U.S. presidency, with investors also awaiting key economic data this week.The benchmark index had logged its third straight weekly decline on Friday as investors assessed the likelihood of tariffs after Republican Trump recaptured the U.S. presidency. Underwhelming Chinese measures to revive its ailing economy also added to the losses.

However, the upbeat European market sentiment also likely got a boost from Wall Street's record-breaking rally. Among individual movers, Evotec soared 17% after private-equity firm Triton confirmed an around 10% stake in the German drug developer, and a media report said it was weighing a takeover bid.

 

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