After President Trump announced the suspension of the 50% tariffs on the EU, market sentiment turned optimistic, leading to a continued rise in European stocks. The pan-European STOXX 600 increased by 0.33% on the 27th to close at 552.32 points, while the German DAX index rose by 0.83%, reaching a historic high of 24,226.49 points.

In the sector, the defense stock index surged by 1.7%, reaching another all-time high. Trump had previously threatened to impose tariffs starting June 1, but agreed to postpone this to July 9 after a phone call with European Commission President Ursula von der Leyen. This encouraged a bullish reaction in both the American and European stock markets.

Sources revealed that European authorities have requested corporate leaders to present their investment plans in the U.S. to facilitate negotiations. Von der Leyen has invited CEOs from semiconductor equipment giant ASML and German software giant SAP to a 'European Round Table for Industry' to discuss investment plans for the next five years.

Meanwhile, the conflict between Russia and Ukraine continues to escalate, with Trump criticizing Russian President Putin as 'crazy,' threatening to intensify sanctions against Russia. The hopes for a cessation of hostilities seem dim, boosting European defense stocks, with military optical equipment supplier Hensoldt soaring 5.74%. On the 27th, the EU approved the establishment of a €150 billion defense fund aimed at enhancing security and defense in Europe against the threat from Russia.