German Dax/Italy FTSE MIB close at a new records, but other indices close lower.
European stocks finished mostly lower on Monday as investors took profits after the STOXX 600 touched another record high earlier in the session. The broad STOXX 600 slipped 0.35% to 650.5, with weakness in healthcare, utilities, and food & beverage shares leading the decline. Despite the broader pullback, Germany’s DAX outperformed, rising 0.15% to another record close, supported by stronger-than-expected German industrial orders and continued optimism over the country’s economic outlook.
Italy’s FTSE MIB also closed at a new record level up 0.27% at 52959.13.
Corporate news helped offset some of the broader weakness. easyJet jumped after agreeing to a £7.34 billion takeover by a consortium led by CVC, while defense stocks remained well bid as the war in Ukraine showed no signs of easing. Exail Technologies rallied after a drone technology acquisition, Airbus gained after reaffirming its full-year delivery guidance despite June production challenges, and Ferrari advanced on the launch of a limited-edition V12 model. Investors are also beginning to shift their attention toward the upcoming earnings season, with expectations that AI-related spending and solid corporate capital expenditure will continue to support equity markets.
Major European index closes:
- 🇩🇪 Germany DAX: 25,817.90 (+0.15%)
- 🇫🇷 France CAC 40: 8,479.88 (-0.33%)
- 🇬🇧 UK FTSE 100: 10,651.78 (-0.26%)
- 🇪🇸 Spain IBEX 35: 19,683.79 (-0.85%)
- 🇮🇹 Italy FTSE MIB: 52,959.13 (+0.27%)
