Europe: Stocks Close Muted on Thin Trading.

European stocks closed mixed on Monday, holding the muted momentum from the previous week as markets continued to gauge how a stronger euro and the outlook of unchanged base rates will impact the European economy. The STOXX 50 closed flat at 5,985 and the pan-European STOXX 600 inched 0.1% higher to 618, not far from the record high touched last week. Trading volumes were thinner due to holidays in North America and China, but industrial giants maintained their volatile momentum on the unclear impact of AI disruption. Software companies held most of their losses on displacement from AI automation tools, with Dassault Systemes sliding close to 10% after brokers downgraded their recommendation. In turn, infrastructure operators Siemens and Schneider dropped 6.4% and 4%, respectively. In turn, banks closed firmly higher, with Santander, BBVA, and Nordea adding more than 2%.