European Shares Surge As Sino-US Tensions Ease

rttnews
2025.06.27 08:59
portai
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European stocks surged on Friday following a U.S.-China deal to expedite rare earth shipments, easing trade tensions. The pan-European STOXX 600 rose 0.9% to 542.15, marking its first weekly gain in three weeks. Major indices like Germany's DAX and France's CAC 40 also saw gains. Notable stock movements included RTL Group, which soared 16% after acquiring Sky Deutschland, and Bayer AG, which rose nearly 2% after receiving European Commission approval for its Eylea drug. Sportswear brands Puma and Adidas surged 4-5% after positive forecasts from Nike.