European stocks have had a remarkable run, but they may be due for a breather.

The end of the era of cheap money is having a major impact on corporate America's earnings, and this is completely changing the way that Wall Street views which stocks are the best bargain buys or the most promising for growth.

Boris Pistorius, Germany's Defense Minister, said on Sunday that he expects a decision soon on the delivery of Leopard 2 tanks to Ukraine. Annalena Baerbock, Germany's Foreign Minister, meanwhile, said Berlin would not block Poland from sending its own Leopard 2s to Ukraine.

At the World Economic Forum in Davos, Switzerland, the mood is more subdued than in past years, as the era of easy money comes to an end.

Russian President Vladimir Putin said that the war in Ukraine is progressing positively, according to the defense ministry’s plan.