(MENAFN) European stock markets kicked off the week on a downbeat note, as major exchanges experienced losses across the board. The STOXX Europe 600 index, encompassing approximately 90 percent of the European market capitalization across 17 countries, concluded the day with a decline of 2.22 points or 0.48 percent, settling at 459.93.
In the United Kingdom, the FTSE 100 index slipped by 7.29 points or 0.1 percent, reaching a closing level of around 7,600. Germany's DAX 30 index witnessed a drop of 87 points or 0.54 percent, finishing the session at 15,963. France's CAC 40 index proved to be the weakest performer of the day, experiencing a notable decline of 69 points or 0.96 percent, closing at 7,200.
Italy's FTSE MIB index also faced substantial losses, plummeting by 211 points or 0.78 percent, reaching 26,856. Spain's IBEX 35 index trimmed 28 points or 0.3 percent, concluding the trading day at 9,289.
The downward trend observed across European stock markets reflects a combination of factors, including global economic indicators, geopolitical developments, and investor sentiment. Market participants continue to monitor various catalysts that influence market dynamics, navigating the ever-changing landscape of global financial markets.
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