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European stocks stabilize as NATO prepares for new defensive agreements
European stocks steadied at the start of today's trading as investors awaited the NATO summit in Turkey and the possibility of announcing new defense deals. The technology sector led declines, falling approximately 1.6%, and the Stoxx 600 index dropped to 650.84 points. The European defense sector saw a slight increase amid expectations of new defense contracts, while the Swedish company Saab's stock rose by 5.3% after the bank upgraded its recommendation. Additionally, Shell's share increased by 2.2% following an upward revision of its performance and gas unit forecasts.
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