European Stock Markets Mostly Decline
(MENAFN) European equity markets ended Monday lower across the board, with the exception of Italy, as investors remained concentrated on the continuing trade discussions between the European Union and the United States.
The broad Stoxx Europe 600 index dropped 0.42 percent, or 2.26 points, finishing at 541.37.
Germany's benchmark DAX 40 index slipped 0.51 percent, closing at 23,909.61 points, while the United Kingdom's FTSE 100 decreased 0.43 percent to 8,760.96.
France’s CAC 40 also softened, declining 0.33 percent to 7,665.91 points.
Contrarily, Italy’s FTSE MIB 30 index defied the downward trend, edging up 0.13 percent to 39,792.22.
Shares of Bayer AG, the German pharmaceutical and chemical corporation, dropped over 5.3 percent following reports related to the glyphosate controversy in the United States.
The trade negotiations between the US and the EU continue, with the European side aiming to finalize a more favorable agreement before the tariff imposition deadline set for July 9.
On Friday, European media outlets reported that an accord might be reached ahead of the July 9 deadline to prevent an economically harmful escalation in the tariff conflict, while France indicated it would prefer a sound agreement at a later time rather than a poor deal rushed for the EU.
Moreover, German Chancellor Friedrich Merz expressed on Thursday his preference for a “quick and simple” trade agreement with the US instead of a “slow and complicated” one, as the deadline for potential new tariffs on the EU approaches.
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