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Or sign-in if you have an account.010kxamw1[t}ft3q(ze(txrr_media_dl_1.png Bloomberg(Bloomberg) — European stocks were muted as the telecom sector fell on concerns that SpaceX could take more of the mobile market and investors weighed a halt in hostilities between the US and Iran.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Stoxx Europe 600 Index was little changed at the close. Telecom stocks were among the biggest laggards after Bloomberg reported that SpaceX and Charter Communications Inc. have held executive-level talks about partnering on a consumer mobile phone offering, sending sector heavyweight Deutsche Telekom AG down 5.4%.Elsewhere, Heidelberg Materials AG fell 9.4%, leading construction-related stocks lower after analysts reduced second-quarter revenue estimates. Tech, media and energy shares were the day’s biggest gainers.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againIn geopolitics, US President Donald Trump said peace talks with Iran are set to resume on Tuesday in Doha, after both sides agreed to halt a series of tit-for-tat attacks over the Strait of Hormuz. Brent Crude rose 1.5% to trade at $73 a barrel.“Despite the news headlines’ volatility during the weekend, it seems that everyone has already scrapped geopolitical risk premium from their assumptions,” said Andrea Gabellone, head of global equities at KBC Securities.European stocks have narrowed the gap with their US counterparts this year as excitement around the artificial-intelligence trade cools. Low volatility, ESG, value and multi-factor exposures outperformed last week, while the top-quintile momentum basket was the weakest performer.In other individual stocks, Nagarro SE soared 88% after India’s Persistent Systems Ltd said it planned to offer €81 a share to buy the German IT services provider. Bridgepoint Group Plc gained 16% after the UK private equity firm agreed to buy Florida-based Kayne Anderson Real Estate in its first push into the US property market.The week ahead also sees the annual European Central Bank forum with policymakers gathering in Sintra, Portugal, from June 29 to July 1, and includes the debut public appearance outside the US for Federal Reserve Chairman Kevin Warsh since taking office in May.For more on equity markets:Hunt for European AI Plays Leads to Power, Banks: Taking StockM&A Watch Europe: BT and Verizon JV, Nagarro, Ipsen, HeidelbergUS Stock Futures Rise on Report US, Iran to End AttacksYou want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here.—With assistance from Henry Ren, Ruhell Amin, Neil Campling and Gary Parkinson. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.