London: European stock markets closed Monday with losses, except for Italy, while investors continued to focus on the ongoing trade negotiations between the EU and the US. The pan-European Stoxx Europe 600 index fell 0.42%, or 2.26 points, to close at 541.37.

According to Anadolu Agency, Germany's DAX 40 decreased by 0.51% to 23,909.61 points, while the UK's FTSE 100 index dropped 0.43% to 8,760.96. France's CAC 40 index also saw a decline, falling 0.33% to 7,665.91 points. In contrast, the FTSE MIB 30 index in Italy diverged from the general trend, rising by 0.13% to 39,792.22.

Meanwhile, shares of German pharmaceutical and chemical company Bayer AG fell more than 5.3% following news about the glyphosate dispute in the US. The trade negotiations between the US and EU continue, as the EU aims to secure a favorable deal by the tariff deadline of July 9.

Reports surfaced on Friday suggesting that a deal might be reached before July 9 to prevent an economically damaging escalation in the tariff dispute, although France indicated a preference for a favorable deal at a later date rather than a rushed, suboptimal agreement for the EU.

Additionally, German Chancellor Friedrich Merz expressed on Thursday his desire for a "quick and simple" trade deal with the US, as the deadline for additional tariffs on the EU approaches.

In terms of macroeconomic data, Germany's annual inflation, which was 2.1% in May, eased to 2% in June. The European Central Bank (ECB) announced changes in its strategy to counteract continuous fluctuations in inflation, maintaining the inflation target at 2% while redefining its monetary policy strategy to achieve this objective.