European Stock Markets Close Mostly Lower

As markets across Europe prepared for the Christmas holiday, stock exchanges closed Monday's session mostly lower in a shortened trading week.

UK Economy Stalls in Q3

Earlier, data revealed that the British economy experienced no growth during the third quarter, which seemed to dampen market sentiment.

Key Market Indices Performance

London's FTSE 100 edged up by 0.15%, driven by Airtel Africa Plc.'s 3.13% climb. Meanwhile, Germany's DAX dropped 0.34%, and the Euro Stoxx 50 fell 0.26% due to Volkswagen AG's 1.98% loss. France's CAC 40 slipped 0.07%, with Teleperformance SE decreasing 2.60%.

Currency Movements

The euro declined 0.30% against the dollar, trading at 1.03982 at 5:30 pm CET. Similarly, the British pound weakened by 0.47% versus the greenback, changing hands for 1.25159.