Stock movements
The European Stoxx 600 index fell by 0.6 percent, with the real estate sector falling by about two percent, while technology stocks led the gains after oil prices stabilized following a seven percent drop last week.
The stock exchanges closed Germany France, Italy and Spain traded down between 0.6 and one percent.
The European STOXX index ended last week’s trading on a higher note, after rising the previous week as well, following a reduction European Central Bank Interest rates on Thursday.
At the same time, all eyes are on Deutsche Bank, Lloyds and Barclays, which will begin a series of earnings reports for the financial sector this week.
The lackluster results from chip equipment maker ASML sparked a wave of decline in semiconductor stocks globally last week.
Investors also monitored opinion polls that showed an increase in the former president’s chances of victory Donald Trump In the US elections scheduled for November 5, which may be seen as a painful blow to the European economy.
These possibilities were reflected in the transactions of the dollar and the cryptocurrency Bitcoin.
Insurance sector stocks were among the losers on Monday after Munich Re shares stumbled, which lost three percent after Jefferies downgraded the stock.
Meanwhile, the shares of JDE Pets Coffee and Tea Company jumped 16.3 percent to the top of the STOXX 600 index after it appointed a new CEO and confirmed its expectations for the year 2024.
Forvia shares also rose by 5.2 percent after the French auto parts supply company concluded new deals with the Chinese automakers BYD and Xiaomi.
Sanofi shares fell by about 1 percent.
The French pharmaceutical company said it is in exclusive talks to sell a 50 percent controlling stake in its consumer health business, Opella, to an American private equity firm.
