Business · Markets · 11 hrs ago
European stocks rise as Renault and Stellantis gain after EU-China deal
European stock markets rose, with carmakers among the strongest shares.
Renault and Stellantis each gained 2.6% in morning trading.
The gains came after the EU and China reached an agreement setting a limit of 350,000 Chinese hybrid cars imported each year.
The Paris Motor Show also opened on the same day.
Milan's market rose 1.05%, while Madrid gained 1.4% and Frankfurt, Paris and London also moved higher.
The deal matters to carmakers because it changes the limit on hybrid imports from China.
Investors were also watching for the first quarterly company results, including figures due from LVMH and major US banks.
European stocks rose, with automakers among the strongest performers after an EU-China agreement on hybrid cars.
Renault and Stellantis each gained 2.6%.
The EU set a limit of 350,000 Chinese hybrid-car imports a year.
Milan rose 1.05%, while Madrid gained 1.4%.
The gains came on the first day of the Paris Motor Show.
- Who
- European stock markets rose, led by automakers Renault and Stellantis.
- What
- Renault and Stellantis each gained 2.6% after an EU-China agreement on hybrid cars.
- When
- October 12, 2026.
- Where
- European stock markets; the Paris Motor Show also opened that day.
- Why
- The article linked the gains to an EU limit on Chinese hybrid-car imports and an agreement between Brussels and Beijing.
This story does not have two clearly opposing sides.
The EU and China reached an agreement on hybrid cars.
European stocks rose as the Paris Motor Show opened.
- EU import limit
- 350,000 Chinese hybrid cars a year
- Renault
- Up 2.6%
- Stellantis
- Up 2.6%
- Milan market
- Up 1.05%
- Madrid market
- Up 1.4%
Sources
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