economy
European markets end higher as Iran's peace talks stall, defense stocks slide
European stocks closed higher on Monday as investors digested the latest in U.S.-Iran peace negotiations.
TL;DR
- European stocks closed higher, with the Stoxx 600 index up 0.1%.
- Defense stocks retreated significantly as U.S.-Iran peace talks stalled.
- U.S. President Donald Trump deemed Iran's counterproposal "unacceptable."
- Russian President Vladimir Putin suggested the war in Ukraine could be nearing an end.
- Oil prices increased, with Brent crude reaching $103.77 per barrel.
- U.S. stock indexes, including the S&P 500 and Nasdaq Composite, touched fresh highs.