European stocks rise in early trading, with French and German markets up 1.1% and 1.3% respectively, Volkswagen rises over 5%

European stock markets rose significantly in the early session, with the French and German markets up 1.6% and 1.3%, respectively, driven by U.S. President Trump's withdrawal of the tariff threat against eight NATO countries, boosting global stock markets.

The pan-European STOXX 600 index rose by 6.97 points or 1.2%, closing at 609.64 points; the UK FTSE 100 index increased by 75 points or 0.7%, closing at 10,214 points; the French CAC 40 index rose by 92 points or 1.1%, closing at 8,161 points; the German DAX index increased by 316 points or 1.3%, closing at 24,877 points; the Spanish IBEX 35 index rose by 190 points or 1.1%, closing at 17,630 points; the Italian FTSE MIB index increased by 435 points or 1%, closing at 44,923 points.

In terms of individual stocks, Volkswagen, Thyssenkrupp, and semiconductor materials supplier Siltronic each rose over 5%, while Porsche, Air France-KLM, and Infineon rose between 3.5% and 3.7%, and Danish wind power company Orsted rose by 4%.

In U.S. stock futures, Dow futures rose by 145 points or 0.3%, closing at 49,410 points; S&P 500 futures increased by 33 points or 0.5%, closing at 6,943 points; and Nasdaq 100 futures rose by 187 points or 0.7%, closing at 25,658 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen markets rose by 0.1% and 0.5%, respectively, Hong Kong stocks increased by 0.2%, while Taiwan and South Korean stocks rose by 1.6% and 0.9% to new highs, Japanese stocks increased by 1.7%, and Australian and New Zealand markets rose by 0.7% and 1%. Indian and Singaporean markets recently rose by 0.2% and 0.3%