12:05 PM EDT, 08/25/2025 (MT Newswires) -- European stock markets closed lower in Monday trading as The Stoxx Europe 600 was off 0.45%, Germany's DAX declined 0.42%, France's CAC tumbled 1.59%, and the Swiss Market Index dropped 0.48%, while the FTSE 100 was closed for a bank holiday.

In Germany, sentiment among businesses edged up slightly in August, according to the ifo Business Climate Index, which rose to 89 points from 88.6 points in July. However, the economic research firm said businesses see the current situation as slightly worse, adding that "the recovery of the German economy remains weak."

In Switzerland, Q2 total employment rose 0.6% compared with a year earlier, and 0.1% from the previous quarter, according to the Swiss Federal Statistical Office, which said businesses reported 10% fewer vacancies than a year earlier.

And in corporate news, Keurig Dr Pepper has agreed to acquire Dutch coffee maker JDE Peet's in an all-cash deal worth about 15.7 billion euros ($18.37 billion), with the US beverage company planning to separate into two independent entities after the transaction closes.

The company said it will launch a tender offer to acquire all shares of JDE Peet's for 31.85 euros a share. The deal is expected to be completed in H1 2026.

Shares of JDE Peet surged 17% on the Euronext Amsterdam.

TotalEnergies said Monday the first CO2 volumes were transported from Heidelberg Materials' Brevik cement plant to Northern Lights' Oygarden facilities, then injected 2,600 meters below the seabed off western Norway, in partnership with Equinor and Shell.

Shares of the French oil and gas company dropped 1% in Paris, while Equinor was also 1% lower in Oslo.

HSBC's Swiss private bank is cutting ties with wealthy Middle Eastern clients as part of its efforts to reduce exposure to individuals considered high-risk, media outlets reported Saturday, quoting sources.

More than 1,000 clients from Saudi Arabia, Lebanon, Qatar and Egypt have been informed that they can no longer bank with HSBC's Swiss wealth management division, the reports said. HSBC was closed for a bank holiday and did not immediately respond to MT Newswires' request for comment.

HSBC shares didn't trade in London on Monday due to the bank holiday while shares on the New York Stock Exchange were edging 0.3% lower.