Europe closes mostly with loses ahead of earnings - Breaking The News
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Europe closes mostly with loses ahead of earnings

EPA-EFE/ANDY RAIN

Major stock markets in Europe traded mostly with losses at the close of Monday's trading session with investors keeping a close eye on the incoming fourth-quarter earnings reports from major companies such as Shell, ASML, and Rocke, as well as Deutsche Bank. Meanwhile, inflation data from Germany and Spain is also expected to be on the investors' radar.

Meanwhile, the sudden breakthrough of Chinese AI startup DeepSeek caused a slump on Wall Street, driven by a tumble in the tech sector, with Nvidia's shares dropping 13%.

The DAX lost 0.50% after Siemens Energy AG crashed 20.21%. The Euro Stoxx 50 decreased by 0.60% while the CAC 40 went down 0.27% with Schneider Electric plummeting 9.22% on both indexes. On the other hand, the FTSE 100 traded flat.

On the currency front, the euro was 0.12% stronger against the dollar, selling for $1.05075 at 5:29 pm CET. The pound sterling was flat against the dollar, changing hands at $1.24838 at the same time.

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