STOCKS | European Stocks End Flat as Oil Gains and Novartis Slumps

European stocks were weighed down on Monday by rising oil prices and a drop in Novartis shares. According to Sina Finance, the Stoxx Europe 600 index was little changed at the London close. Commodity prices rose after the United States and Iran attacked each other's tankers, lifting energy shares to the top of the market. Media and insurance stocks were among the biggest decliners. Novartis posted its sharpest drop since April after reports said its potential blockbuster drug pelacarsen failed to meet expected results in a late-stage clinical trial. SOITEC rose 12% and outperformed peers as AI-related stocks were broadly strong, while Infineon Technologies gained 6.9% after MP Capital Markets raised its rating. U.S. markets were closed for a public holiday.