European stock markets found their footing on Monday, buoyed⁤ by a resurgence in⁣ the technology and‍ mining sectors. This recovery follows a period of volatility sparked ‍by escalating trade tensions between the United States and China late last week.

The broad European STOXX 600 index climbed 0.6% by 0719 GMT, a welcome change after Friday’s 1.3% decline triggered by former US President Donald Trump’s threat of a 100% tariff ⁣on Chinese imports. The initial declaration sent shockwaves through global markets.

While Asian markets ⁤remained⁢ under pressure, European indices and Wall ‍Street ⁤futures ⁣signaled a more optimistic outlook as Trump ‍adopted a more measured tone over the weekend. This shift ⁣in rhetoric appears to have calmed investor nerves.

France​ Leads Gains, Corporate ‍Deals Drive Activity

The French CAC⁢ 40 index led the gains among major European markets, rising 0.9%. This increase coincided with the reappointment of Sébastien lecornu as Prime Minister on Friday, following a brief resignation⁣ just days prior.

Several ‌individual stocks also experienced significant movement. AstraZeneca saw a 0.7% increase after Trump announced ‍a deal allowing the British pharmaceutical⁣ giant to offer discounted drug prices to the US Medicaid​ programme in exchange for tariff reductions.

mergers and Acquisitions Fuel Investor Confidence

BSI Software experienced a remarkable 37% jump in its share price, reaching levels not seen as 2021. This surge followed confirmation from private equity firm Warburg‌ Pincus of its intent to acquire the German‍ software company for over €700 million ($813.26 million), a deal previously reported‍ by Reuters.

Similarly, Exosense shares rose nearly 13%⁢ after greek night vision systems ⁤manufacturer theon International announced​ plans to acquire ​a 9.8% ⁢stake in the French company. Though, Theon International’s shares dipped ‌4.6% on the news.