The European stock markets closed mixed in Monday trading, despite the announcement of a peace deal between the US and Iran that includes the reopening of the Strait of Hormuz this week.
The Stoxx Europe advanced 0.2%, Germany's DAX climbed 1%, the FTSE 100 fell 0.5%, France's CAC gained 0.5%, and the Swiss Market Index edged 0.1% lower.
And in corporate news, the European Commission said Monday it has approved a joint venture between TotalEnergies and Masdar focused on renewable energy projects in the Asia-Pacific region.
The Commission said the transaction does not raise competition concerns because its impact on the European Economic Area is expected to be limited.
Shares of the French oil and gas company fell close to 5% in Paris.
Shell's Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported Monday, citing people familiar with the matter.
An agreement for the unit could be signed in the coming weeks, according to the report. Shell is seeking a valuation of around $1.8 billion for the unit, but terms could change, Bloomberg cited the sources as saying.
Shares of the British oil and gas major lost 4.4% in London.
Equinor said Monday it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area.
The discoveries at Tonjer and Geitungen are estimated at 20-30 million barrels of oil equivalent and will be developed through a subsea tieback to existing infrastructure at Norway's largest oil-producing field, it said.
Shares of the Norwegian petroleum refiner dropped 6.5% in Oslo.
Deutsche Bank and JPMorgan Chase will participate in Singapore's planned gold-clearing system, media outlets reported Monday.
The over-the-counter clearing mechanism, to be established by the Singapore Exchange by the end of 2026, is expected to support interbank gold trading during Asian hours beginning next year, according to the reports. Singapore is also planning to introduce central bank gold vaulting services by October and expand tax exemptions for eligible funds and family offices in physical precious metals, the reports said.
Shares of Deutsche Bank gained 4% in Frankfurt.
HSBC said all of its digital banking services in Hong Kong had resumed normal operations before 2 p.m. local time after some customers encountered issues accessing the bank's mobile app earlier in the day, Reuters reported Monday.
The lender said it resolved the issue and apologized for the disruption after some customers experienced difficulties accessing certain services, according to the report.
Meanwhile, HSBC is also undergoing a potential sale of its Singapore insurance division, with Allianz emerging as the top bidder, Bloomberg News reported Sunday, citing unnamed people familiar with the matter and a HSBC spokesperson.
HSBC did not immediately respond to' requests for comment.
Shares of HSBC increased 0.6% in London.