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<Europe> European Stocks Mixed in Early Session as Defense Shares Retreat; US Futures Edge Down
Investors are watching the meeting between Chinese and US leaders and developments in the situation in Iran. Major Asia-Pacific markets were mixed today (11th), with Japan's Nikkei...
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<Europe> European Stocks Mixed in Early Session as Defense Shares Retreat; US Futures Edge Down
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Investors are watching the meeting between Chinese and US leaders and developments in the situation in Iran. Major Asia-Pacific markets were mixed today (11th), with Japan's Nikkei index and South Korea's stock market hitting record highs intraday. In mainland China, the Shanghai and Shenzhen A-share markets reached near 11-year and more than five-year highs, respectively.

Major European markets were mixed in early trading on Monday (11th). The pan-European STOXX 600 index last stood at 611.65, down 0.49 point or less than 0.1%. Among the region's three major markets, Germany's DAX was at 24,327, down 11 points or 0.05%; France's CAC 40 underperformed at 8,047.28, down 65 points or 0.8%; while the UK's FTSE 100 rose 15 points or 0.15% to 10,248. Spain's IBEX 35 gained 0.15%, and Italy's FTSE MIB rose 0.21%.

European defense stocks, which had lifted the broader market last week, retreated. Germany's Rheinmetall and Hensoldt fell 3.1% and 2.6%, respectively; Italy's Leonardo dropped 4.9%; and UK aerospace components maker Babcock International declined 3%.

Futures for the three major US indices each slipped less than 0.1%. DJIA futures edged down 17 points, while S&P 500 futures and Nasdaq futures fell 4 points and 28 points, respectively. (da/u)

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