European Stocks Mixed Amid Iran Peace Talks Stalemate

AI Summary

European stocks were mixed as the pan-European Stoxx 600 fluctuated near the flatline early Monday. London and Milan bourses showed gains, while Frankfurt and Paris traded lower. Defense stocks were particularly affected; Rheinmetall (down 3.6%), Renk (down 3.2%), Leonardo (down 4.4%), Hensoldt (down 3.4%), and Babcock International (down 3.5%) all retreated. This downturn followed President Trump's dismissal of Iran's peace proposal as 'TOTALLY UNACCEPTABLE,' contributing to increased market volatility.