European Markets Close Lower Ahead of Major Earnings Reports

As the trading session concluded on Monday, major European stock markets mostly closed with losses. Investors are closely monitoring the upcoming fourth-quarter earnings reports from significant companies including Shell, ASML, Rocke, and Deutsche Bank. Additionally, inflation data from Germany and Spain are also anticipated to influence market movements.

Tech Sector Tumbles on Wall Street Following DeepSeek Breakthrough

Meanwhile, Wall Street experienced a downturn, particularly in the tech sector, following a significant development from Chinese AI startup DeepSeek. Nvidia's shares notably dropped by 13%, contributing to the sector's slump.

Major Indexes and Currency Movements

The DAX index fell by 0.50%, with Siemens Energy AG seeing a sharp decline of 20.21%. The Euro Stoxx 50 and CAC 40 also decreased by 0.60% and 0.27% respectively, with Schneider Electric plummeting 9.22% on both indexes. Conversely, the FTSE 100 remained stable. On the currency front, the euro strengthened by 0.12% against the dollar, while the pound sterling remained flat.