Global financial markets react to events in politics and economics. Recently, the index of the largest European companies fell by 1.7% after U.S. President Donald Trump announced tariffs on steel and aluminum from Canada. Against the backdrop of this action, shares of Zelanda Pharma rose by 34%, when Swiss pharmaceutical company Roche acquired rights to a drug for obesity from a biotechnology company. Other sectors of the index also showed growth at the beginning of trading, especially the banking sector, which increased by 1.1%. The European index STOXX 600 also rose by 0.6%. Among other news, shares on European exchanges increased after Ukraine agreed to the U.S. proposal for a 30-day truce with Russia. The Latvian company Zelanda Pharma also demonstrated growth after signing an agreement on cooperation with Swiss Roche.
