European stock markets traded higher on Thursday as investor sentiment turned optimistic following confirmation of an upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin. The prospect of renewed diplomatic dialogue, with hopes of a potential ceasefire in the Ukraine conflict, helped lift key indices across the continent.
Germany’s DAX jumped 1.31% to 24,217.05, while the Euro Stoxx 50 rose 1.12% to 5,322.35. France’s CAC 40 was also in the green, up 0.81%, while the UK’s FTSE 100 lagged behind, falling 0.31%.
Broader German indices saw gains across the board:
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Classic All Share rose 1.37%
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Midcap index gained 0.93%
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SDAX moved up 1.19%
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Prime All Share and HDAX rose over 1% each
However, the TecDAX, representing German tech stocks, declined by 0.56%, the only major index in the red.
Belgium’s BEL 20 also joined the rally, rising 1.11% to 4,708.70. Other Belgian indices, including the BEL 20 GR and BEL 20 Net Return, were up over 1%.
The positive market reaction reflects growing hope that the Trump-Putin summit could lead to de-escalation in Ukraine, easing geopolitical tensions and improving trade dynamics.
On the currency front, the euro gained 0.20% against the U.S. dollar to trade at 1.16835, while the British pound was up 0.11%, quoting at 1.33712.
With the meeting expected to be officially announced soon, traders and analysts are closely watching for signs of progress that could alter the trajectory of European markets and global risk sentiment.
