European shares were little changed in early trade on Monday, with investors on the watch for Ukraine and European leaders’ meeting with US President Donald Trump, following a Russia-US summit that ended without an immediate agreement.
The pan-European STOXX 600 index were flat, as of 0704 GMT, after logging a second straight weekly gain on Friday.
Ukraine’s Volodymyr Zelenskiy will meet Trump along with other European leaders in a bid to draw out a peace deal that will not favour Moscow.
Trump met with his Russian counterpart Vladimir Putin on Friday and agreed that a peace deal should be worked upon without a ceasefire.
Novo Nordisk added 4.1% after the drugmaker’ s weight-loss drug Wegovy received an accelerated approval by the US Food and Drug Administration to treat a serious liver condition.
Vestas shares jumped 9.7% and ranked among the top gainer on the STOXX 600 after IRS safe harbor guidelines. Commerzbank fell 3.7%, after Deutsche Bank cut the stock’s rating to “Hold” from “Buy”.
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