Major European Markets Pare Early Losses, Settle On Mixed Note

After staying well below the flat line till about an hour past noon on Monday, European stocks recovered some lost ground after Iran announced the end of its military operation against Israel, raising hopes of a potential de-escalation in the wider U.S.-Iran war.

Higher bond yields and oil prices, and fears of rate hikes by the Federal Reserve after last week’s upbeat jobs data weighed on sentiment early on in the session. Though the major markets managed to pare most of their early losses, other markets in the region mostly ended on a weak note.