European Shares Surge Despite Global Economic Uncertainty

European stocks climbed on Monday, led by industrials and defense companies, amidst a week dense with crucial global economic data releases. This comes after a series of losses due to potential tariff threats and China's lackluster economic policies. Aquis Exchange saw significant gains following an acquisition announcement.

European stocks commenced the week on a high note, with widespread gains across most sectors as investors brace for a flood of global economic data, particularly inflation figures from Germany and the United States. The STOXX 600 rose by 0.9% as of 0811 GMT, with industrial shares leading the rally, climbing by 1.2%.

Defense manufacturers, including Sweden's SAAB, Italy's Leonardo, and UK's Rolls-Royce, saw notable rises between 2.1% and 3.7%. The European index had recorded its third consecutive weekly downturn on Friday, as investors weighed potential tariffs following Donald Trump's return to the U.S. presidency, alongside China's tepid economic interventions.

This week's agenda spotlights inflation statistics from Europe and the U.S., alongside an initial evaluation of the euro zone's third-quarter GDP. Prominent among stock movements, Germany's Continental surged 7.6% post a better-than-expected third-quarter core profit report. Meanwhile, Aquis Exchange experienced a valuation leap following an acquisition agreement with SIX Group.

(With inputs from agencies.)