Overview

• Europe’s STOXX 600 closed down 0.13% at 553.40, with London edging higher and Frankfurt and Paris slightly lower as Spain’s Ibex 35 fell 1.17% to its weakest close since September 10.
• Porsche sank more than 8% after delaying electric-vehicle launches and trimming its 2025 outlook, while Volkswagen dropped 7.1% and the autos subindex fell over 2% to a one-month low.
• Airline shares declined after weekend cyberattacks at European airports led to flight cancellations, with Lufthansa, Air France-KLM and IAG down roughly 1% to 1.5%.
• BBVA raised its takeover offer for Sabadell by 10% to €3.39 per share in an all-stock proposal valuing the bank at €17 billion, and both stocks fell on the day.
• The European Commission reported a rise in eurozone consumer confidence from August to September that topped forecasts, with markets now watching PMI releases on Tuesday and U.S. PCE inflation later in the week.