European shares pared earlier losses on Monday but still finished the session in the red with the investors still closely monitoring the situation in Ukraine.
As a consequence of the armed conflict, the world's economy will expand by 3.6% in 2022, according to the International Monetary Fund's revised forecast. To mitigate the impact of the crisis on businesses, the European Union approved a €20 billion aid scheme for Germany.
The DAX was 0.07% below the neutral line at the close with Merck plunging 3.74%. The CAC 40 slid 0.83% at the same time. Stellantis plummeted 5.16% as the 40-unit benchmark's worst performer. The FTSE 100 lost 0.2% at the close as Intermediate Capital Group dove 4.55%.
The euro advanced by 0.11% versus the dollar at 5:29 pm CET, selling for 1.07947, while the pound surrendered 0.13% to the greenback at the same time, going for 1.30029.
