European stock markets closed without a single direction this Monday (29), while investors ponder the results of the meeting between the presidents of the USA, Donald Trump, and Ukraine, Volodimir Zelenski, to discuss points of a possible peace agreement in Eastern Europe.
Liquidity remains low due to the year-end holidays, and the market is also awaiting the release of economic indicators for the region during the week.
In London, the FTSE 100 closed down 0.04%, at 9,866.53 points. In Frankfurt, the DAX gained 0.10%, at 24,364.92 points. In Paris, the CAC 40 rose 0.10%, to 8,112.02 points. In Milan, the FTSE MIB lost 0.38%, to 44,436.01 points.
In Madrid, the Ibex 35 advanced 0.18%, to 17,203.10 points. In Lisbon, the PSI 20 rose 0.03%, to 8,185.83 points.
After the meeting with Zelensky, without specifying deadlines, the Kremlin will help in the reconstruction of Ukrainian territory that was devastated by the war.
The Ukrainian leader, in turn, signaled that, as part of the agreement, the US offered 15 years of security guarantees.
BBVA Research assesses that the presidents’ meeting did not bring significant progress. On the other hand, with the possibility of a détente in the region, the aerospace and defense sector lost 0.72%, with a 1.07% drop for the German Rheinmetall, a 0.96% loss for the British Rolls-Royce and a 2.12% drop for the Italian Leonardo.
In corporate news, French technology group Atos signed a binding agreement to sell its South American operations to Brazilian company Semantix, and the French company’s shares rose 5.47%.
