European Markets Close Monday in Green, UK Falls Behind
(MENAFN) European equities ended Monday mostly in positive territory, with gains across major indexes—except in the United Kingdom.
The Stoxx 600, which tracks a broad range of European companies, climbed 0.44%, or 2.37 points, finishing the session at 543.5.
Germany's DAX 40 surged 1.2% to settle at 24,073.67, while France's CAC 40 posted a modest rise of 0.35%, closing at 7,723.47. Italy’s FTSE MIB also joined the rally, advancing 0.74% to end the day at 39,914.25.
In contrast, the UK’s FTSE 100 diverged from the regional uptrend, slipping 0.19% to finish at 8,806.53.
Investor sentiment remains cautious as markets await clarity on forthcoming U.S. trade agreements, with a July 9 deadline for new tariffs looming large.
Earlier Monday, an EU spokesperson revealed that European Commission President Ursula von der Leyen and U.S. President Donald Trump held discussions over the weekend as part of renewed efforts to finalize a transatlantic trade pact ahead of the deadline.
“President von der Leyen had a call with President Trump yesterday, and that they had good exchange, and that indeed the president continues to be in contact with EU leaders,” said Stefan de Keersmaecker, an EU spokesperson, during a press briefing.
In corporate news, UK-based energy giant Shell saw its shares drop 2.3% after issuing a warning that its second-quarter earnings would decline, citing ongoing struggles in its gas and chemicals segments.
German automaker Mercedes-Benz Group also faced headwinds, reporting a 9% drop in Q2 vehicle sales compared to the same quarter last year, attributing the decline to global tariff tensions.
On the economic front, Germany delivered an unexpected boost. Industrial production rose by 1.2% in May from the previous month and 1% year-on-year, defying analyst expectations of a decline.
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