European aerospace group and engine manufacturers' stocks dropped due to rising oil prices.

In Monday's early trading, after US President Trump vowed to block the Strait of Hormuz leading to oil prices rising back above $100 per barrel, the stocks of European aerospace and engine manufacturers fell. MTU Aero Engines and Safran both dropped 2.3%, Airbus fell 2.2%, and Rolls-Royce fell 1.9%. BAE Systems and Dassault Aviation remained steady. In contrast, German weapons manufacturer Rheinmetall rose 1.8% after announcing on Monday the establishment of a missile joint venture with aerospace company Destinus. Italy's Leonardo increased by 2.4%, as the company's stock had dropped last week following the Italian government's statement that they would not renew its CEO's contract.