European markets closed slightly lower on Monday as investors in the region reacted to a potential artificial intelligence breakthrough out of China.
European traders are also gearing up for a busy period of earnings this week, as well as the European Central Bank’s latest interest rate decision on Thursday.
Shares of budget airline Ryanair closed higher 3.3% after the company posted better-than-expected quarterly profit, but cut its full-year 2026 traffic growth forecast in light of aircraft delivery delays at Boeing.
Earnings later this week will include LVMH, Shell, ASML, Roche, Deutsche Bank and Nokia.
On Thursday, the euro zone and core European economies France and Germany will report their latest growth data, and the European Central Bank and the U.S. Federal Reserve will be closely watched as they announce their latest monetary policy decisions.
Overnight in the Asia-Pacific region, Japan and Hong Kong markets traded mostly higher as investors assessed China’s manufacturing and industrial profit data.