European stocks rise driven by tech companies with attention to negotiations with the US

On Monday, the pan-European STOXX 600 index rose 0.4%, strengthening its position after a weekly decline on Friday. Germany's DAX increased by 1.2%.

Technology stocks were among the leaders of growth, especially German SAP and Dutch ASML, which rose by about 2%. Banking stocks also showed some improvement.

This week, investors' attention is focused on trade talks ahead of the deadline set for US President Donald Trump's tariff delay. Against this backdrop, global risk sentiment remains unstable. Market participants' caution was especially influenced by the statement of US Treasury Secretary Scott Bessent, who declared an intention to make several important trade announcements in the next 48 hours.

As noted by Reuters, the European Union still expects to conclude a trade agreement by July 9. According to a European Commission spokesperson, the organization's President Ursula von der Leyen and Donald Trump had a fruitful conversation during a recent meeting.

However, Andrew Lapping from Ranmore Fund Management expressed doubts about the parties' ability to quickly conclude a long-term deal.