16 May 07:45
European stock markets closed higher, with the Stoxx 600 up 0.56%, thanks to an advance in defense stocks
Ana-Maria Tapescu

International
Foto: pixabay.com
The pan-European Stoxx 600 index rose 0.56%, recovering from a negative start, with defense stocks having a positive impact. Hensoldt advanced 8.3% after German Defense Minister's backing for higher security spending. In contrast, Thyssenkrupp fell 12% on weak financial results. The British economy grew 0.7% and the eurozone growth estimate was revised to 0.3%.