European stock markets remained relatively unchanged on Monday as both the STOXX 50 and the STOXX 600 hovered around the break-even point, with traders evaluating advancements in US trade discussions. Officials indicated that progress is being made in negotiations with significant trade partners, including China and the European Union. Meanwhile, Canada withdrew its proposed Digital Services Tax after President Trump announced over the weekend his decision to cease all trade talks with the country. Additionally, Monday marked the official commencement of the UK-US trade agreement that had been finalized last month.
On the economic data front, Germany experienced an unexpected slowdown in inflation, dropping to 2% in June, aligning it with the European Central Bank's target. In Italy, inflation edged up to 1.7%, as anticipated. Last week's Consumer Price Index figures indicated that inflation remained largely stable in both France and Spain.
In terms of corporate news, market performance was mixed. L'Oréal saw a 2.3% increase in its stock value, while Siemens experienced a decline of 1%. For June, both the STOXX 50 and the STOXX 600 recorded a decrease of 0.8%.
