European markets close lower despite US/EU trade agreement
Despite initial optimism, European markets closed lower on Monday after the United States reached a trade agreement with the European Union. This move ended fears of a tariff war between the two huge trading blocs and provided greater clarity for businesses.
The DAX index in Germany fell by 1.1%, the CAC 40 in France dropped by 0.4%, and the FTSE 100 in the UK closed down by 0.5%.
