European shares end flat as luxury stocks drag on STOXX
The STOXX 600 closed little changed as a 3.4% drop in luxury stocks countered gains in the mining sector. Investors remain cautious as stalled U.S.-Iran peace negotiations keep oil prices elevated and fuel concerns over persistent inflation and potential ECB interest rate hikes.
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Xurve View
European markets ended Monday afternoon flat as the STOXX 600 closed at 612.79 points following a 3.4% drop in luxury stocks. Stalled peace negotiations between the United States and Iran kept energy prices high and regional indexes mixed. Investors face persistent inflation risks as the Strait of Hormuz remains closed, threatening European growth and energy-dependent sectors.
