European markets moved into negative territory on Monday as last week's positive sentiment wears off.
The pan-European Stoxx 600 provisionally ended the session 0.1% lower.
It follows a record-breaking previous session where Europe's benchmark index hit a fresh intraday high of 588.07 points, as investors digested a swathe of interest rate decisions.
Danish renewables giant Orsted fell sharply in late trading after the U.S. Department of the Interior said Monday it was suspending leases on five offshore wind projects already under construction. U.S. Interior Secretary Doug Burgum cited national security concerns as the reason for the pause.
Orsted shares closed down 12.7%, while Vestas Wind Systems fell 2.7%.
Shares in French biotech Abivax soared 15.4% as the firm — one of Europe's best-performing stocks this year — continues to garner investor attention. Abivax declined to comment when approached by CNBC on Monday about rumors of a potential takeover by U.S. giant Eli Lilly.
On Friday, the Italian competition authority (AGCM) on Friday closed its investigation into Stellantis and the Italian arms of Tesla, BYD, and Volkswagen. The antitrust probe was centered around the transparency of information advertised to consumers regarding EV driving range, battery degradation and warranties offered to consumers. The automakers must now improve the transparency of and clarify such information.
Source : CNBC
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