LONDON \u2014 European markets opened in negative territory on Monday as last week’s positive sentiment wears off.<\/p>\n
The pan-European Stoxx 600<\/a> was 0.1% lower at the opening bell. <\/p>\n It follows a record-breaking previous session where Europe’s benchmark index hit a fresh intraday high of\u00a0588.07 points,\u00a0as investors digested a swathe of interest rate decisions.<\/p>\n Shares in French biotech Abivax<\/a> rose 8.8% as the firm \u2014 one of Europe’s best performing stocks<\/a> this year \u2014 continues to garner investor attention.<\/p>\n Gold and silver prices also soared to new highs on Monday. Gold<\/a> was last seen at a record $4,445.8 per ounce while\u00a0silver was last trading at $68.96 per ounce. Prices are up nearly 70% and 128% year-to-date, respectively.<\/p>\n The U.S. and U.K. presidents had a phone call on Sunday, where they discussed Ukraine and Gaza, as attempts to broker a peace deal between Russia and Ukraine march on. <\/p>\n European and Ukrainian negotiators have made changes to the U.S.-drafted peace deal proposal that was leaked to the media last month, but a Kremlin policy aide said<\/a> on Sunday that they “definitely do not improve the document and do not improve the possibility of achieving long-term peace.” European and Ukrainian leaders were concerned the proposal skewed in Russia’s favor and Kyiv would be pressured into conceding too much. The war is now nearing four years. <\/p>\n Elsewhere, in the private market, fast fashion behemoth Shien escaped a three-month ban in France for selling child-like sex dolls after a court ruled in its favor in a case against the French government on Friday. Shein must implement age verification on its site, the court ordered. The government said it will appeal the decision. <\/p>\n There are no major data releases today, though U.K. GDP and business investment figures are set to be confirmed after previous preliminary releases. <\/p>\n Asia-Pacific markets climbed on Monday<\/a> as investors parsed China’s central bank’s decision to keep its loan prime rates steady. The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5%<\/a> respectively, holding them for a seventh straight meeting, in line with a Reuters survey.<\/p>\n Stateside, stock futures rose on Sunday night as traders deliberate whether tech can regain its footing before the year’s end following a\u00a0late-week surge that lifted\u00a0the S&P 500 and Nasdaq Composite\u00a0last week. <\/p>\n \u2014 CNBC’s Lee Ying Shan contributed to this report. <\/p>\n","protected":false},"excerpt":{"rendered":"LONDON \u2014 European markets opened in negative territory on Monday as last week’s positive sentiment wears off. The…\n","protected":false},"author":2,"featured_media":363336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[67818,449,116,28,122,20362,144,20361,101,16161,20363,6797,112,1206,1186,1208,21],"class_list":["post-363335","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-abivax-sa","tag-breaking-news-economy","tag-breaking-news-markets","tag-business","tag-business-news","tag-cac-40-index","tag-china","tag-dax","tag-economy","tag-eli-lilly-and-co","tag-ftse-100","tag-germany","tag-markets","tag-russia","tag-stoxx-600","tag-ukraine","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/363335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=363335"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/363335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/363336"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=363335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=363335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=363335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}