European Stocks Steady as Investors Anticipate Ukraine Negotiations
European Market Overview: European shares remained stable with the STOXX 600 index flat, as investors focused on geopolitical tensions regarding Ukraine and a meeting between European leaders and U.S. President Trump.
Geopolitical Developments: Ukrainian President Zelenskiy is set to meet Trump and other European leaders to negotiate a peace deal that does not favor Russia, following a recent summit between Trump and Putin.
Market Reactions: Vestas shares surged by 16.4% after new U.S. guidelines for renewable energy subsidies were released, while Novo Nordisk's stock rose 4.5% due to accelerated FDA approval for its weight-loss drug.
Banking Sector Pressure: Commerzbank's shares fell 3.7% after a downgrade from Deutsche Bank, contributing to a broader decline in eurozone banks, which dropped 1.5% following significant gains earlier in the year.
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