European Stocks: European stocks rise in early trading, Renault falls 6%, Kering surges 10%

The market is focused on the situation in the Middle East and this week's Federal Reserve interest rate meeting, with European stock markets rising. The stock markets in France, Spain, and Italy each rose by 0.7% to 0.9%. U.S. stock futures also rebounded.

The pan-European STOXX 600 index rose by 1.33 points or 0.2%, closing at 546.27 points. The UK FTSE 100 index rose by 28 points or 0.3%, closing at 8,879 points; the French CAC index rose by 51 points or 0.7%, closing at 7,736 points; the German DAX index rose by 85 points or 0.4%, closing at 23,601 points; the Spanish IBEX 35 index rose by 126 points or 0.9%, closing at 14,036 points; and the Italian FTSE MIB index rose by 284 points or 0.7%, closing at 39,723 points.

Luca de Meo, CEO of Renault, has moved to luxury brand Kering as CEO, causing Kering's stock price to surge by 10%, while Renault's stock price fell by 6%. Airbus stated that aircraft orders at this year's Paris Air Show will decline compared to the 2023 event, with Airbus's stock rising by 0.4%, underperforming the market.

U.S. stock futures rebounded, with Dow futures rising by 177 points to 42,700 points; S&P 500 futures rising by 30 points to 6,062 points; and Nasdaq 100 futures rising by 134 points to 21,995 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets each rose by 0.4%, the Hong Kong Hang Seng Index rose by 168 points or 0.7%, closing at 24,060 points, with a turnover of 229.2 billion yuan. The Taiwan stock market fell by 0.1%, while Japanese and Korean stocks rose by 1.3% and 1.8%, respectively. The Australian stock market rose by less than 0.1%, and the New Zealand stock market rose by 1.1%. The Indian Nifty 50 index rose by 224 points or 0.9%, closing at 24,943 points. The Singapore Straits Times Index fell by 3 points to 3,908 points. The Malaysian stock market rose by 0.1%, while the Thai, Indonesian, and Philippine stock markets fell by 0.3% to 0.6%. The Vietnamese markets in Hanoi and Ho Chi Minh City rose by 1.5% and 1.7%, respectively