12:11 PM EDT, 04/29/2024 (MT Newswires) -- European stock markets closed mixed in Monday trading as the Stoxx Europe 600 gained 0.07%, the Swiss Market Index was off 0.11%, France's CAC was down 0.29%, the FTSE in London was up 0.09%, and Germany's DAX closed 0.24% lower.

The European Commission's Economic Sentiment Indicator for April declined 0.3 points to 96.2 in the EU and 0.6 points to 95.6 in the euro area due to slightly lower confidence in industry and services, while retail trade, construction and consumer confidence was relatively unchanged. Meanwhile, the Employment Expectations Indicator was down 0.5 points to 101.7 in the EU and 0.7 points to 101.8 in the euro area. Unlike the ESI, the EEI remained above its long-term average of 100.

In Germany, the Federal Statistical Office said Monday that it estimated the inflation rate to be 2.2% for April compared with the same month last year. The FSO also estimated that the inflation rate excluding food and energy for April was 3.0%.

In Italy, exports to non-EU countries fell 5.7% while imports decreased 12.8% in March compared with the same month last year, according to the Italian National Institute of Statistics.

And in corporate news, Deutsche Bank (DB) shares fell more than 8% on the DAX in Monday trading after it said in a regulatory filing Friday that it was assessing a court statement regarding the alleged claims of former Postbank's shareholders and its potential financial statement impact. The Higher Regional Court of Cologne assessed claims from former Postbank shareholders on Friday who contended that a higher acquisition price should have been paid by Deutsche Bank in 2010.

Meta Platforms' (META) Facebook and Instagram are expected to be investigated by the European Commission over concerns these social media platforms are not doing enough to counter disinformation from Russia and other countries, the Financial Times reported Monday.

"We have a well-established process for identifying and mitigating risks on our platforms," a Meta spokesperson told MT Newswires. "We look forward to continuing our cooperation with the European Commission and providing them with further details of this work."

UK oil and gas giant Shell (SHEL) allegedly earns approximately $1 billion a year from trading crude oil, according to court documents in a lawsuit filed against the company by a former employee, Reuters reported Monday. Shell did not immediately respond to a request for comment from MT Newswires.

British pharmaceutical company AstraZeneca (AZN) said Monday phase 3 trial data showed Enhertu led to a "statistically significant and clinically meaningful improvement" in progression-free survival compared with chemotherapy in the primary study population of people with HR-positive, HER2-low metastatic breast cancer.

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