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European Markets Close Slightly Lower as Global Sentiment Remains on Edge


European markets closed lower Monday as investors monitored economic and geopolitical uncertainty.

The pan-European Stoxx 600 index closed 0.1% lower, with sectors and major bourses mixed. Mining stocks dropped 1%, while retail and travel stocks rode a late-session boost to finish 1.3% and 1.4% higher, respectively.

It comes as market participants look ahead to a busy week for earnings and the European Central Bank’s latest monetary policy decision.

EUROPEAN MARKETS

TICKER COMPANY PRICE CHANGE %CHANGE 
.FTSEFTSE 1007373.45-1.38-0.02
.GDAXIDAX14832.2431.520.21
.FCHICAC 40 Index6888.47380.55
.FTMIBFTSE MIB27605.4446.660.17
.IBEXIBEX 35 Idx8990.2-5.3-0.06

Asia-Pacific markets continued their sell-off ahead of a week of inflation readings from across the region and South Korea’s third-quarter gross domestic product numbers.

U.S. stocks ticked higher on Monday as traders looked ahead to the release of corporate earnings from tech industry behemoths, including AlphabetAmazonMeta and Microsoft.

Source: Consumer News Business Channel

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