Rheinmetall AG $RHM.DE is rapidly redefining its role within the European equity landscape. The company, recognized as a key supplier of military vehicles and ammunition, has demonstrated record-breaking share price growth amid heightened defense spending across Europe. As a result, Rheinmetall is set to enter the prestigious Euro Stoxx 50 benchmark on June 20, displacing Kering SA $KER.PA, the French luxury group best known for the Gucci brand.

U.S. equity markets continue to explore alternative routes to public listing. On Monday, Hotel101 Global Holdings Corp and Nasdaq-listed special purpose acquisition company JVSPAC Acquisition Corp $JVSAU announced they have received regulatory approval from the U.S. Securities and Exchange Commission (SEC) to move forward with their planned business combination.

The S&P 500 Index $^SPX ended Monday’s session in positive territory as investors maintained a cautiously optimistic outlook on U.S. trade negotiations, even in the face of escalating protectionist measures. The uptick came shortly after U.S. President Donald Trump announced a plan to double tariffs on imported steel and aluminum, intensifying economic pressure on key trade partners—most notably China.