European Markets Mostly Rise
(MENAFN) European equities wrapped up the first trading session of the week with mostly positive results, apart from the United Kingdom, which saw a decline.
The comprehensive Stoxx 600 index representing Europe gained 0.44 percent, or 2.37 points, closing Monday at 543.5.
Germany’s DAX 40 index climbed 1.2 percent to finish at 24,073.67, while France’s CAC 40 advanced 0.35 percent, ending at 7,723.47.
Italy’s FTSE MIB index also showed strength, increasing by 0.74 percent to close at 39,914.25 points.
In contrast, Britain’s FTSE 100 index diverged from the upward trend, slipping 0.19 percent to 8,806.53 points.
This drop was partly influenced by a notable fall in shares of Shell, the UK energy giant, which declined 2.3 percent after issuing a warning that its profits would decrease in the second quarter due to challenges in its gas and chemical sectors.
Investors remain on edge, awaiting forthcoming announcements regarding trade agreements from the United States as the July 9 tariff deadline draws near.
Earlier today, a spokesperson for the European Union conveyed that European Commission President Ursula von der Leyen had a “good exchange” with US President Donald Trump on Sunday.
This interaction reflects the EU’s efforts to expedite negotiations for a transatlantic trade deal ahead of the looming 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,” Stefan de Keersmaecker, an EU spokesperson, told reporters during a press briefing.
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