European stock exchanges are closing without a clear direction, but Frankfurt is reaching new highs.

European exchanges closed trading on Monday with mixed results. The Frankfurt market remains in a good mood, allowing the DAX index to set a new all-time closing high. Paris remained lackluster due to a relatively weak schedule, with no significant economic indicators.

In Frankfurt, the DAX index rose by 0.34%, closing at 18,268.29 points.

In London, the FTSE 100 index closed at 7917.57 points, down 0.17%. The CAC 40 index in Paris remained at 8151.60 points, still close to the record closing level of 8201.05 set on April 19. The quotes are preliminary.

On Friday, when the markets in New York and Europe had already closed, rating agencies published a series of announcements regarding the sovereign ratings of European countries.

In London, Kingfisher's shares rose by 2.68% after recovering from a previously noted decline.

A company that produces construction and decor products has announced weaker forecasts for the financial year 2025, although the results for the financial year ending January 31, 2024, were better than expected, with pre-tax profits 3% above forecasts, analysts Richard Chamberlain and Manjari Dhar reported in their notes.

• Retail sales amounted to £13.0 billion.
• The adjusted profit before tax amounted to 568 million pounds sterling.
• For the financial year 2025, the company forecasts adjusted profit before tax in the range of £490 million to £550 million.

InMilan, the FTSE index rose by 0.86% to 34,639.41 points.

Under the influence of a 6.07% jump in the Italian oil and gas engineering company Saipem. The updated strategy of Saipem envisions consistent revenue growth and margin expansion, which should aid in cash generation, analysts at Berenberg stated in a note. The improvement in the company's margins has led to increased cash generation in 2023.

Telecom Italia rose by 4.18%, while Enel's shares fell by 0.23%, making it one of the six stocks that showed negative results in trading, according to preliminary quotes before final adjustments.

On the Iberian Peninsula, the Ibex 35 index rose by 0.08%, reaching 10,952.20 points.

The Lisbon PSI 20 fell by 0.46% to 6,199.21 points.