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European Stocks Close Mixed in Monday Trading; Energy Stocks Rise Amid Expanding Middle East Fighting

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European stock markets closed mixed in Monday trading as investors continued to gauge rising hostilities between the US and Iran, as well as to look ahead to impending earnings reports.

Energy stocks closed higher, while luxury good stocks slumped.

The Stoxx Europe 600 dropped 0.3%, Germany's DAX was up 0.1%, the FTSE 100 fell 0.6%, France's CAC edged 0.1% higher, and the Swiss Market Index declined 0.7%.

In corporate news, Ryanair reported fiscal Q1 earnings Monday of 0.51 euros ($0.58) per diluted share, down from 0.77 euros a year earlier. Analysts polled by FactSet expected 1.19 euros.

Revenue for the fiscal quarter ended June 30 was 4.38 billion euros, up from 4.34 billion euros a year earlier. Analysts polled by FactSet expected 4.42 billion euros.

For fiscal 2027, the company expects traffic to grow 4% year-over-year to 216 million passengers, it said.

Shares of the Irish airline dropped more than 5% in Dublin.

AstraZeneca's rare-disease arm Alexion said the field remains largely untapped, with about 95% of the roughly 10,000 identified rare diseases still lacking approved therapies, the Financial Times reported Monday, citing Chief Executive Marc Dunoyer.

Advances in science are opening new avenues for drug development, Dunoyer was quoted as saying, adding that only about 500 rare diseases currently have modern treatments.

AstraZeneca did not immediately respond to' request for comment.

Shares of the British pharmaceutical company were off 1.1% in London.

BP agreed to sell its BP Retail Austria unit, which houses its mobility, convenience, and electric vehicle charging businesses in the country, to Volenergy, according to a Monday statement.

Financial terms were not disclosed.

The sale includes 250 BP branded retail sites that will continue to operate under the BP brand due to a brand license deal, but excludes Castrol and the company's aviation business in Austria, BP said.

Shares of the British oil and gas major gained 0.8% in London.

Shell has kicked off a tendering process for drilling services at its Dragon offshore gas project in eastern Venezuela, pressing ahead with its plan to start drilling four wells from Q2 2027, Reuters reported Tuesday, citing two unnamed people familiar with the process.

The contract is expected to be awarded by the end of September, the people told the news agency, if a positive final investment decision is made for the 4.2 trillion-cubic-foot development.

"We continue to progress the Dragon project in full compliance with applicable laws, regulations and sanctions," Shell said Friday in an emailed statement to.

Shares of Shell declined 0.5% in London.

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European Stocks Close Mixed in Monday Trading; Energy Stocks Rise Amid Expanding Middle East Fighting | FINWIRES