European Shares Rise on Commerzbank Bid and Defence Gains
The STOXX 600 rose as Commerzbank shares climbed following a bid from UniCredit. Defence and energy stocks also gained amid heightened Middle East tensions.
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European equity markets moved higher on Monday, supported by a significant bid in the banking sector and rising demand for defence stocks amid heightened geopolitical tensions. The pan-European STOXX 600 index edged up 0.1% to reach 596 points, attempting a recovery after shedding nearly 6% since its record high in February.
