European equities found firmer footing on Monday, supported by gains in technology and mining stocks, following a sharp market drop triggered by escalating U.S.-China trade tensions late last week.
The pan-European STOXX 600 climbed 0.6% by 07:19 GMT, recovering part of Friday’s 1.3% loss after U.S. President Donald Trump threatened to impose 100% tariffs on Chinese goods.
While Asian markets continued to slide, European bourses and U.S. futures showed signs of stabilization as Trump struck a more conciliatory tone over the weekend, helping improve investor sentiment.
France’s CAC 40 gained 0.9%, leading major European indexes, following the reappointment of Sébastien Lecornu as prime minister just four days after his resignation.
Shares of AstraZeneca (LSE:AZN) added 0.7% after Trump announced an agreement allowing the UK-based pharmaceutical group to provide certain drugs at discounted prices to Medicaid in exchange for tariff relief.
German software maker PSI Software (TG:PSAN) surged 37% to its highest level since 2021 after Warburg Pincus confirmed plans to acquire the company in a deal worth over €700 million, as previously reported by Reuters.
Meanwhile, Exosens (EU:EXENS) jumped nearly 13% after Theon International (EU:THEON) revealed its intention to purchase a 9.8% stake in its French peer. Theon’s shares slipped 4.6%.
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