Looking at today's trade, sectors were mixed by the close, with technology and chemicals holding steady. Sectors turned somewhat higher in afternoon trade, following positive sentiment seen out of the U.S., but wavered by the close. Healthcare failed to close higher, with the sector being hit by a recent Roundup cancer ruling. On Friday, a U.S. court ruled that weedkiller Roundup had caused cancer in a groundskeeper and awarded him $298 million in damages.
The maker of Roundup, U.S. seed and chemicals group Monsanto, was deemed to have failed to warn the groundskeeper of the cancer risks posed by its weedkiller. Monsanto recently bought by Germany's Bayer and consequently the latter's shares tanked more than 13 percent during the morning session — hitting a near two-year low. Shares closed 10.3 percent down.
Another sector that saw red was travel and leisure, with Air France KLM leading the sectoral losses amid risks of further strikes. The airline's biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume. Shares dropped 4.1 percent.
In the same sector, Ryanair popped 3 percent after German union Verdi announced that it would meet with the airline on Wednesday to start pay discussions for 1,000 cabin crew members, Reuters reported.
In earnings news, United Internet initially surged towards the top of the STOXX 600 on Monday morning, after reporting a rise in core profits over the second quarter. The web services group said it's considering taking part in next year's fifth generation mobile spectrum auctions. Despite a strong start, shares wavered in trade and closed a touch above the flatline.