European equities were largely flat on Monday, with investors reluctant to take strong positions amid escalating tensions between Iran and the United States and ahead of a key U.S. Federal Reserve policy decision later in the week.
Sentiment was also weighed down by U.S. President Donald Trump’s renewed threat to impose 100% tariffs on Canada, lingering concerns about a potential U.S. government shutdown and caution ahead of major technology earnings scheduled for the coming days.
By late morning, the U.K.’s FTSE 100 index was edging up around 0.1%, while Germany’s DAX index was slightly lower and France’s CAC 40 was down about 0.1%.
Among individual stocks, German automotive and industrial components supplier Stabilus (TG:STM) jumped after reporting that first-quarter cash flow more than tripled, even though revenue declined.
Shares in Fnac Darty (EU:FNAC) also surged after the French retailer said it had received a takeover proposal from EP Group, the investment vehicle controlled by Daniel Kretinsky.
Real estate group Aroundtown (TG:AT1) posted strong gains as well, following its announcement of plans to repurchase up to €250 million of its own shares during the current year.
On the downside, Danone (EU:BN) shares fell sharply after the food group disclosed a recall of certain baby formula batches in selected markets.
Budget carrier Ryanair Holdings (LSE:0A2U) also traded lower after reporting a decline in third-quarter profit.
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