Latest from RobotFX: important news impacting currency trading.
European stocks concluded Monday's session with modest declines, reflecting the morning's cautious sentiment, as the market continued to focus on global interest rate trends and concerns over potential overvaluation in the AI sector. The Eurozone's STOXX 50 index slipped by 0.2% to 5,750, while the STOXX 600 edged down 0.1% to 587. The equities in the region were further affected by renewed skepticism about a successful resolution in the Ukraine-Russia ceasefire talks. Shares in beverage companies AB InBev and Pernod Ricard both fell by over 2% after China imposed 45% tariffs on European dairy products, intensifying regulatory scrutiny on the food and alcoholic beverage industries. Additionally, Stellantis saw a steep decline of 5.7% following the conclusion of an Italian competition authority's investigation into transparency issues related to driving range advertisements involving Stellantis and the Italian divisions of Tesla, BYD, and Volkswagen.
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