European shares marked a record closing high on Monday, boosted by defence stocks as investors priced in the likelihood of increased military spending in the region, following growing U.S. pressure.

European stocks have closed at an all-time high as they continue to outpace U.S. equities for the first time in more than a decade. Maximize

Shares in Asia and Europe gained on Tuesday, lifted by defense and military stocks as U.S. and Russian officials meet in Saudi Arabia to discuss ending the war in Ukraine. Japan’s Nikkei 225, the Hang Seng in Hong Kong,