On Monday, the STOXX 50 and STOXX 600 indices showed minimal movement, trending from flat to slightly higher. This activity reflected investor reactions to geopolitical events and recent corporate updates, while attention was focused on the upcoming monetary policy announcement from the Federal Reserve later in the week. Highlighting international trade dynamics, Canadian Prime Minister Mark Carney stated that Canada does not intend to enter into a free trade agreement with China. This announcement followed a warning from U.S. President Donald Trump, who threatened to impose a 100% tariff on Canadian goods if such an agreement were pursued.
In the sector analysis, banking stocks experienced gains, whereas shares in the travel and leisure sector were under pressure. Ryanair's shares fell by 1.6% despite the company having improved its passenger and fare forecasts. Similarly, EssilorLuxottica and Richemont each saw a decline of 1.2%, and Nestlé's shares dropped by 1.1%. Conversely, Deutsche Bank rose by 1.4%, Société Générale saw an increase of 1.1%, Banco Santander's shares increased by 1.2%, and HSBC gained 0.7%.
