FX.co ★ European Stocks Fall for 3rd Session

On Monday, the STOXX 50 and STOXX 600 indices continued their downward trend, with the STOXX 50 declining by 0.6% and the STOXX 600 by 0.4%. This reduction marks a continuation of losses that began last Thursday as traders proceed with caution ahead of crucial events anticipated later this week. In particular, Nvidia is set to reveal its quarterly earnings, and in the United States, a stream of economic data releases is expected now that the government shutdown has concluded. Among the sectors hardest hit, financials, insurers, and luxury goods were notably affected. Burberry experienced the largest drop within the STOXX 600, falling over 4%, followed by Worldline at a 4.2% decline and Adyen at 3%. Additional significant losses were seen with Siemens, declining by 2.1%, Inditex falling 1.9%, Bayer down 1.8%, and LVMH experiencing a 1.6% decrease. In contrast, on a positive note, SAAB's shares surged over 7% after securing a €3.1 billion contract with the Colombian government to supply 17 Gripen fighter jets over the next five years. Additionally, Airbus shares rose by 1.3% following reports suggesting it is likely to win a substantial portion of an aircraft order currently under negotiation with Flydubai.