Europe's markets rise ahead of Ukraine peace talks as value of arms manufacturers surges
European markets rose on Monday as defence stocks surged ahead of a meeting between European leaders to address Washington's shock policy shift on the war in Ukraine. US President Donald Trump sidelined Kyiv and its European backers last week by calling his Russian counterpart Vladimir Putin to talk about beginning negotiations to end the conflict. With fears that Europe could be sidelined in negotiations to end the three-year war, European leaders are due to meet later in the day amid talk of greater defence spending.
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