European stock markets experienced a broad decline at the close of trading on Monday, marking the start of the week. Investor optimism regarding a potential trade agreement between the U.S. and the European Union weakened, contributing to the downturn.
The pan-European Stoxx Europe 600 index fell by 0.22%, closing at 548 points. In Italy, the FTSE MIB index saw a slight gain of 0.01%, ending the session at 40,732 points. Meanwhile, France’s CAC 40 dropped by 0.43%, settling at 7,800 points. The UK’s FTSE 100 mirrored this decline, closing at 9,081 points with a nearly identical percentage drop. Madrid’s IBEX 35 index also declined by 0.12%, finishing at 14,220 points. Germany’s DAX index suffered the largest loss among major indices, falling by 1.02% to close at 23,970 points.
The automotive sector was the weakest performer, dropping 1.8% following warnings from major manufacturers about anticipated cost increases, despite signs of market recovery. Conversely, energy stocks rose, with the oil and gas sector gaining 1.16%. This growth was driven by optimism around global trade and European assurances of increased energy imports from the U.S. under the ongoing negotiations.
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