12:07 PM EST, 11/17/2025 (MT Newswires) -- European stock markets closed lower in Monday trading as the Stoxx Europe 600 dropped 0.54%, Germany's DAX fell 1.20%, the FTSE 100 was off 0.24%, France's CAC lost 0.63%, and the Swiss Market Index declined 0.29%.

The European Commission's Economic Sentiment Indicator rose 1 point to 96.7 in the European Union, and 1.2 points to 96.8 in the euro area in October, compared with September, according to Eurostat, the statistical office of the EU.

The Commission also said its Employment Expectations Indicator rose 0.6 points to 97.7 in the EU, and 0.4 points to 96.9 in the euro area compared with September.

In Italy, the annual inflation rate was 1.2% in October, down from 1.6% the previous month. On a monthly basis, inflation declined 0.3% from September, according to the Italian National Institute of Statistics. The lower annual inflation rate was mainly attributed to decelerating prices of regulated energy products.

And in corporate news, Novo Nordisk said Monday that Wegovy and Ozempic will now be available at a limited time price of $199 per month to new self-pay patients between now and March 31. The introductory offer is only for the first two months of therapy, and applies to the two lowest doses - 0.25 mg and 0.5 mg - of Wegovy or Ozempic, the company said.

Shares of the Danish pharmaceutical company gained 0.5% in Copenhagen.

TotalEnergies said Monday it signed a deal with Energeticky a Prumyslovy to acquire a 50% stake in its flexible power generation platform in Italy, the UK, Ireland, the Netherlands, and France for an enterprise value of 10.6 billion euros ($12.3 billion).

Under the terms of the deal, Energeticky will get 95.4 million shares of TotalEnergies valued at about 5.1 billion euros, the energy company said, adding that the parties will create a joint venture to oversee the industrial management of the assets and business development. Both sides will hold an equal 50% stake in the joint venture.

Shares of the French oil and gas company increased 0.8% on the CAC in Paris.

Rio Tinto said Sunday it has signed an agreement with Australia's Calix to invest more than 35 million Australian dollars ($22.8 million) to support the construction of Calix's steel production demonstration plant in Western Australia.

If approved, the demonstration plant could help lower steel production carbon emissions, the British mining company said.

Shares of Rio Tinto were little changed on the FTSE 100 in London.

Nokia said Monday it won a three-year contract from Telecom Italia, or TIM, to expand and modernize the latter's 5G network in more regions after a tender, allowing rural coverage and enterprise connectivity. The rollout will use Nokia's AirScale equipment and ReefShark technology to help meet TIM's sustainability targets, the company said.

Shares of the Finnish telecommunications company lost 1.17% in Helsinki trading.