A trader works at the New York Stock Exchange on Sept. 12, 2025.
NYSE
LONDON — European stocks closed higher on Monday amid news of a U.S.-China agreement over social media platform TikTok.
The Stoxx Europe 600 index closed up 0.4%. Regionally, the U.K.’s FTSE was down 0.1%, Germany’s DAX was up 0.2% and France’s CAC 40 rose 1%.
Looking at individual share moves, wind energy developer Orsted shares fell more than 1% after the company revealed efforts to clinch new capital at a deep discount. The Danish company said it will raise 60 billion Danish kroner ($9.4 billion) by issuing new shares at 66.60 Danish kroner per share, a 67% discount to its Friday closing price of 200 Danish kroner.
Elsewhere, shares of Novo Nordisk in Copenhagen were up 2% after the European Medicines Agency approved one of the company’s existing oral diabetes drug Rybelsus for use to treat cardiovascular problems.
It’s a busy week for the U.K. as it prepares for U.S. President Donald Trump’s state visit. The president and his wife, Melania, arrive on Tuesday evening and will spend Wednesday at Windsor Castle with King Charles and Queen Camilla before holding talks with U.K. Prime Minister Keir Starmer on Thursday.
The U.K.’s latest inflation print will be released on Wednesday before the Bank of England meets on Thursday, although it is not expected to cut interest rates at this meeting.
Stateside, U.S. stocks rose as Treasury Secretary Scott Bessent said Monday that Washington and Beijing have agreed a “framework” deal for TikTok.
TikTok parent company ByteDance faces a Sept. 17 deadline to divest the platform’s U.S. business or face being shut down in the country. Monday’s announcement means that risk could now be averted.
Elsewhere, traders are looking ahead to the U.S. Federal Reserve’s meeting on Wednesday. Recent economic data showed a weakening labor market and tame inflation, spurring hopes that the Fed will cut interest rates when it concludes its meeting on Wednesday.
The market was last pricing in a 96.2% certainty that the central bank will lower interest rates by a quarter percentage point, with just a 3.8% likelihood of a steeper half percentage point cut, according to the CME FedWatch Tool.
Asia-Pacific markets traded mixed overnight as investors kept an eye on the talks between the U.S. and China in Madrid, Spain on Sunday.
— CNBC’s Sarah Min and Nur Hikmah Md Ali contributed reporting to this story
