European markets rise after Russia says Putin and Trump will meet in coming days

European markets rose after the Kremlin said U.S. President Donald Trump and his Russian counterpart Vladimir Putin are set to meet in the coming days.

Investors also digested upbeat earnings from Stoxx Europe 600 companies, leaving the index up 0.9%.

Regionally, Germany’s DAX ended up 1.1%, France’s CAC 40 rose 1%. The U.K.’s FTSE 100 was the only major index closing in the red by 0.7%, after the Bank of England decision to cut rates pushed up the British Pound

Shares of German arms manufacturer Rheinmetall were 6.2% lower by 2 p.m. in London (9 a.m. ET), making it the worst performing stock on Germany’s DAX index.

It came after the company reported sales of 2.43 billion euros ($2.8 billion) for the second quarter, below the 2.5 billion euros expected by analysts polled by LSEG. Quarterly earnings before interest and taxes (EBIT) came in at 236 million euros, a way off from the 295 million euros anticipated by analysts ahead of the release.

Rheinmetall said that contracts had not been awarded during the reporting period given the election of a new government in Germany, one of the military contractor’s biggest clients and its domestic market.

However, it said strong demand in its defense division alongside an anticipated influx of orders in the second half meant Rheinmetall was able to confirm its full-year guidance.

“Rheinmetall is successfully on its way to becoming a global defence champion. We are now also a serious partner for US companies,” CEO Armin Papperger said in a statement alongside the results. “Our order books are full and will continue to grow in the future.”