
Peace in Ukraine is typically viewed as a positive development
European stock markets close flat ahead of Trump-Putin meeting

European stock markets closed flat ahead of a meeting between President Donald Trump and President Vladimir Putin over the war in Ukraine.
The Stoxx Europe 600
index shed 0.01%. Regionally, Germany’s DAX
was also down just 0.01%, while the FTSE 100
closed down 0.4%. France’s CAC 40
bucked the trend and rose 0.7%.
Peace in Ukraine is typically viewed as a positive development by most investors for European equities.
Shares of cable maker NKT rose by more than 6% — the most among Stoxx Europe 600 index
stocks — after the company raised its outlook amid growth in the renewable energy sector.
The Danish company, which makes and installs the cables to connect offshore wind turbines, lifted its revenue expectations for the full year by about to a range between 2.65 billion euros ($.3.1 billion) and 2.75 billion euros, from a 2.37-billion-euro to 2.52 billion-euro forecast, prior.
Earlier this year, the company had said its order backlog for high-voltage cables stood at more than 10 billion euros.
The stock is up 12% so far this year.