{"id":60657,"date":"2025-06-09T17:57:24","date_gmt":"2025-06-09T17:57:24","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/09\/european-stocks-close-weak-after-cautious-session-4\/"},"modified":"2025-06-09T17:57:24","modified_gmt":"2025-06-09T17:57:24","slug":"european-stocks-close-weak-after-cautious-session-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/09\/european-stocks-close-weak-after-cautious-session-4\/","title":{"rendered":"European Stocks Close Weak After Cautious Session"},"content":{"rendered":"
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European markets<\/span> settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.<\/p>\n

The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.<\/p>\n

The meeting happens following last week’s direct phone call between U.S. President Donald Trump and Chinese President Xi Jinping.<\/p>\n

The pan European Stoxx 600 ended down 0.11%. The U.K.’s FTSE 100 and France’s CAC 40 edged down by 0.13% and 0.07%, respectively. Germany’s DAX closed down 0.55%. The Switzerland market was closed today due to the observance of Pentecost.<\/p>\n

Among other markets in Europe, Austria, Czech Republic, Portugal, Russia and Sweden closed weak. <\/p>\n

Belgium, Finland, Ireland, Netherlands and Poland ended higher, while Spain settled flat.<\/p>\n

In the German market, Siemens Energy ended nearly 3% down. SAP, Beiersdorf, Allianz and Deutsche Boerse ended lower by 1.3 to 1.7%.<\/p>\n

Puma climbed about 4.5%. Infineo, BASF, Adidas, Daimler Truck Holding, Sartorius and Qiagen gained 0.7 to 1.5%.<\/p>\n

In the French market, Saint Gobain lost about 2%. Sanofi, Schneider Electric, STMicroElectronics, Thales, AXA, Societe Generale and L’Oreal closed down 0.6 to 1.1%.<\/p>\n

Pernod Ricard rallied about 3.2%. Teleperformance and Kering gained 2.8% and 2.5%, respectively. Credit Agricole, Renault, Accor, Stellantis, BNP Paribas and Vivendi closed up 0.4 to 1.3%.<\/p>\n

In the UK market, WPP ended down by about 2.7%, after an announcement that Mark Read, Chief Executive Officer (CEO), will retire from the Board and as CEO on 31 December 2025.<\/p>\n

Hiscox ended down 2.4%. Aviva, Marks & Spencer, Haleon, Endavour Mining, Tesco, Smith & Nephew, Relx, BT Group and Babcock International Group lost 1 to 2%.<\/p>\n

Melrose Industries rallied 3.6%, Spirax Group gained 3.3% and M&G climbed 3.04%. JD Sports Fashion, Fresnillo, IMI, Diageo, Taylor Wimpey, IAG, Croda International, 3i Group, Persimmon, Halma, Entain, Howden Joinery, Glencore and Segro gained 1 to 2.5%.<\/p>\n

Alphawave IP Group Plc shares soared nearly 23% after Qualcomm agreed to buy the London-listed semiconductor company for about $2.4 billion in cash.<\/p>\n

Shares of cosmetics firm Revolution Beauty Inc zoomed more than 10% after the company confirmed that Frasers Group is one of several parties currently conducting due diligence as part of its ongoing formal sale process. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n