Brussels - Saba:
European stocks stabilized at the beginning of the week's trading, without recording any significant change, compared to the previous session.
The European "Stoxx 600" index began trading today up 0.07 percent, after ending a 10-session winning streak last Friday.
The sub-index of European banking stocks fell 0.7 percent, limiting the overall gains.
In contrast, the sub-index of chemical companies led the gains, rising 1 percent.
The sub-index of defense industry companies advanced 0.8 percent, after a recent rally driven by Germany's plans to increase spending.
This comes amid expectations of a $686 billion increase in defense budgets in Europe by 2035, which could push the earnings of defense companies’ stocks in the region to grow in the medium term to a level not seen in the past 30 years.
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