Doha: European stock indices saw modest gains on Monday, driven by a rebound in mining and technology stocks. Investors remain focused on the ongoing trade tensions between the United States and China, particularly concerning rare earth elements.

According to Qatar News Agency, the pan-European Stoxx 600 index experienced a 0.4 percent increase, primarily propelled by the basic resources sector, which surged by 2.7 percent. The German DAX index rose by 0.55 percent, the French CAC 40 index increased by 0.21 percent, and the British FTSE 100 index ended the day almost unchanged.

These upward movements in the market followed comments from US President Donald Trump, which somewhat eased fears regarding potential additional tariffs on China. This development provided support to European markets amidst persistent concerns about a potential resurgence of the trade war.

Sector performance showed technology stocks climbing by 3.4 percent and mining stocks advancing more than 3 percent, fueled by hopes of reduced trade tensions between Washington and Beijing. Despite these sectoral gains, European stocks have not yet reached the record highs seen last week.

Market dynamics continue to be influenced by trading activities in artificial intelligence and optimism over a possible US interest rate cut, which are counterbalancing political uncertainties in France.