Both the STOXX 50 and the STOXX 600 traded flat to slightly higher on Monday as investors weighed geopolitical developments and fresh corporate updates, while awaiting the Federal Reserve’s monetary policy decision later in the week. Canadian Prime Minister Mark Carney said on Sunday that Canada has no intention of pursuing a free trade agreement with China, following US President Donald Trump’s warning that he would impose 100% tariffs on Ottawa should such a deal be signed. Sector-wise, bank stocks advanced, while travel and leisure shares lagged. Ryanair fell 1.6% despite upgrading its passenger and fare outlook. EssilorLuxottica and Richemont both declined 1.2%, while Nestlé slipped 1.1%. In contrast, Deutsche Bank rose 1.4%, Société Générale gained 1.1%, Banco Santander went up 1.2%, and HSBC added 0.7%.
