European Equities Fall in Monday Trading; EU Strikes Trade Deal With US
European stock markets closed lower in Monday trading as the Stoxx Europe 600 fell 0.25%, Germany's DAX 40 dropped 1.12%, the FTSE 100 lost 0.59%, France's CAC declined 0.47%, and the Swiss Market Index eased 0.22%.
The US announced Sunday that it struck a deal for a 15% tariff on most imports from the EU, including automobiles, according to media reports. President Donald Trump previously reportedly threatened to levy a 30% tariff on most imported goods from the EU. He said Sunday that the bloc agreed to buy $750 billion worth of US energy exports and invest $600 billion more in the US, according to reports.
In corporate news, Adaptimmune Therapeutics agreed to sell its cell therapy programs, Tecelra, lete-cel, afami-cel, and uza-cel to US WorldMeds for $55 million with potential milestone payments of up to $30 million.
Italian oil and gas company Eni expects its green businesses to generate operating profit comparable to those from oil and gas by 2035, with the profit from renewables and related activities surpassing traditional energy by 2040, the Financial Times reported, quoting Chief Executive Officer Claudio Descalzi.
HSBC, Santander, and Scotiabank are among 21 financial institutions accused by Mexico's antitrust authority of colluding to fix fees on deferred credit card payments, Reuters reported, citing a government document.
Ascendis Pharma said the US Food and Drug Administration approved Skytrofa for the treatment of growth hormone deficiency in adult patients. Ascendis said it plans to start a basket trial for other potential indications in Q4.
Source : MT Newswires
