Major European Markets Close Weak After Cautious Session

Despite seeing a positive spell after a somewhat sluggish start, the major European markets ended on a weak note on Monday as investors largely stayed cautious, assessing the prospects of fresh talks between the U.S. and Iran, and looking ahead to monetary policy announcements from several top central banks.

Reports saying Iran has sent a peace proposal to the US aimed at easing the ongoing Middle East conflict aided sentiment to some extent.