European markets edged higher at the open on Tuesday, as geopolitical tensions in the region boosted defense stocks.
The pan-European Stoxx 600 was up around 0.18% shortly after the opening bell, with major bourses in mixed territory.
Defense stocks, which hit a record high during Monday's session, continued their rally, with Renk Group gaining around 7% and German arms manufacturer up 3% in early deals.
Geopolitical tensions between the U.S. and Europe are likely to remain in focus for European markets this week as U.S. officials prepare for talks with Russia to end the war in Ukraine, with officials in Kyiv and Europe being left out of the discussions.
European leaders held an emergency summit in Paris on Monday to discuss how to respond to the apparent decision to sideline Europe, and while they agreed on increasing defense spending, there was no alignment over whether to send peacekeeping troops to Ukraine after any peace deal.
Source: CNBC
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