European stock markets rebounded after the UK Prime Minister confirmed he would not resign, as attention shifts to the upcoming meeting between Trump and Xi Jinping.

European stock markets rebounded after the UK Prime Minister confirmed he would not resign, amid concerns over the upcoming Trump-Xi Jinping summit and the outlook for the global economy.

On May 13, 2569 at 14.26:XNUMX a.m., CNBC reported that European stock markets opened higher on Wednesday, recovering from the previous day's correction. British government bond yields (gilt yields) fell after British Prime Minister Kierkeway rejected calls for his resignation.

Shortly after the market opened European Stoxx 600 IndexIt rose 0.7%.The UK's FTSE index.Increased by 0.8%.German DAX indexplus 0.7% and French CAC 400.2% increase

Siemens announced a €6 billion share buyback program over five years after reporting better-than-expected first-quarter net profit of €2.03 billion. However, the company's stock fell 1.3% in morning trading.

European markets recovered after facing selling pressure on Tuesday due to concerns about a potential prolonged conflict between the US and Iran, while Starmer's political standing was under intense scrutiny following the Labour Party's poor performance in local elections.

Starmer said at a cabinet meeting. On Tuesday that He will not resign and will continue to govern the country, despite pressure from the resignations of several deputy ministers and high-ranking ministers in recent days.

Earlier, UK government bond yields surged due to investor concerns that a change in leadership could impact the government's fiscal discipline. However, on Wednesday morning, bond yields began to decline by 0.02-0.06% as market concerns eased somewhat.

Global investors are also watching the meeting between Donald Trump and Xi Jinping, which is expected to discuss both trade issues and a potential war with Iran.

refer : www.cnbc.com

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