"European Stocks" European stocks rise in early trading, with banking and defense stocks gaining; Spanish stock market hits an approximately 18-year high

European stocks rose in early trading, with defense and banking stocks performing well, as market concerns over U.S. bank loan issues eased.

The pan-European STOXX 600 index rose by 3.63 points or 0.6%, closing at 569.87 points. The UK FTSE 100 index increased by 43 points or 0.5%, closing at 9,397 points; the French CAC 40 index rose by 29 points or 0.4%, closing at 8,204 points; the German DAX index increased by 232 points or 1%, closing at 24,063 points; the Spanish IBEX 35 rose by 194 points or 1.2%, closing at 15,795 points, reaching an intraday high of 15,855 points, about an 18-year high; the Italian FTSE MIB index rose by 483 points or 1.2%, closing at 42,241 points.

Luxury goods company Kering sold its beauty business to L'Oréal, with its stock price rising by 3.8%. U.S. President Trump and Ukrainian President Zelensky once again exchanged insults during their meeting. European defense stocks rose, with Leonardo up 2.8% and Rheinmetall up 4.2%. European bank stocks rebounded alongside their U.S. counterparts, with Banco Sabadell rising by 3.5% and Banco de Sabadell rising by 3.1%.

In U.S. stock futures, Dow futures rose by 126 points to 46,507 points; S&P 500 futures rose by 23 points to 6,725 points; and Nasdaq 100 futures rose by 109 points to 25,095 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets rose by 0.6% and 1%. The Hong Kong Hang Seng Index rose by 611 points or 2.4%, closing at 25,858 points, with a turnover of 239.2 billion. The Taiwan and South Korean stock markets rose by 1.4% and 1.8%, respectively, while the Japanese stock market rose by 3.4%. The Australian and New Zealand stock markets rose by 0.4%, and the Indian Nifty 50 index rose by 165 points or 0.6%, closing at 25,875 points. The Indonesian stock market rose by 2.2%, the Thai stock market rose by 1%, while the Vietnamese markets in Hanoi and Ho Chi Minh City fell by 4.7% and 5.5%, respectively, and the Philippine stock market fell by less than 0.1%. The Singapore and Malaysian stock markets were closed