"China Markets Flat as Optimism Fades, Tourism Stocks Rise"

European stocks paused after nearing a record high, with US markets closed for Presidents’ Day. AstraZeneca Plc climbed over 3% after positive trial data, while German arms manufacturer Rheinmetall AG advanced as much as 4% after announcing a new plant in Ukraine. US and global stocks have yet to respond to the selloff in Treasuries this month, and concerns over the Middle East conflict and Red Sea shipping chaos pose a risk for earnings. Traders are looking for further policy support across China’s monetary and fiscal space, and this week, investors will be watching European inflation data and earnings reports from companies like Nvidia Corp. and mining giants BHP Group Ltd and Rio Tinto Plc to gauge the health of the global economy.