11:54 AM EDT, 05/11/2026 (MT Newswires) -- The European stock markets were mixed in Monday trading as The Stoxx Europe was 0.1% higher, Germany's DAX was up 0.1%, the FTSE 100 was gaining 0.4%, France's CAC was falling 0.7%, and the Swiss Market Index was flat.

Defense stocks and Luxury goods stocks were slumping in Monday trading.

Renk Group and Rheinmetall were falling 7% and 3% respectively in Frankfurt, while BAE Systems and Thales were down about 1% each in London and Paris respectively.

Shares of Louis Vuitton, Kering, and Hermes were dropping more than 3% each in Paris, as was Richemont in Zurich. Burberry was down 3.5% London, while Moncler was dropping nearly 5% in Milan.

Mining stocks were climbing higher.

And in corporate news, GSK has entered a collaboration with Sino Biopharmaceutical subsidiary Chia Tai Tianqing Pharmaceutical Group, or CTTQ, to accelerate the launch of bepirovirsen in mainland China, the company said Monday.

Under the deal, CTTQ will purchase bepirovirsen from GSK for an initial 5.5-year term, which may be extended by mutual agreement, it said.

Financial terms of the deal were not disclosed.

Shares of GSK were up 0.2% in London.

Rio Tinto has signed a 30-year power agreement with Yindjibarndi Energy, which will break ground on the Jinbi solar project in the Pilbara region of Australia after reaching a financial close, Rio Tinto said Monday.

Under the terms of the deal, Yindjibarndi will supply the entire electricity generated by Jinbi to Rio Tinto, supporting de-carbonization of the mining giant's iron ore Pilbara operations once the project is operational.

Shares of the mining company were rising close to 3% in London.