Tokyo: European shares were steady on Tuesday amid caution in global markets, as investors looked for signs of how the shift to artificial intelligence will affect traditional business models. The pan-European STOXX 600 index was little changed at 819.22 points by 0819 GMT, with most sectors on the index rising.
According to Yemen News Agency, defense stocks fell 1.2 percent. These stocks often decline when geopolitical tensions ease because investors anticipate lower demand for military equipment and services in the near term. Meanwhile, shares in British hotel group InterContinental rose 1.1 percent after the Holiday Inn owner reported global revenue per available room (RevPAR) for the last quarter that exceeded market expectations.
Antofagasta's underlying annual profit jumped 52 percent, but its shares fell 3.2 percent due to lower copper prices.