economy
European markets close higher as investors digest key points from Munich Security Conference
Stock markets in Europe began the week in positive territory after edging lower on Friday.
TL;DR
- European markets closed higher, with the Stoxx 600 up 0.1%.
- Dassault Systemes shares fell 10% after a broker downgrade and concerns over AI monetization.
- The Munich Security Conference emphasized increased defense spending and strategic autonomy for Europe.
- Ukrainian leader Volodymyr Zelenskyy expressed readiness for EU accession by 2027.
- NatWest Group gained 4.7% due to a £750 million share buyback program.
- Rio Tinto suspended work at its Simandou iron-ore mine following a fatality.
- Asian markets were mixed, with Japan's Nikkei advancing 0.2% while others were closed for the Lunar New Year.
- US stock markets were closed for Presidents' Day.