(Il Sole 24 Ore Radiocor) - Milano, 23 gen - European shares closed mostly lower as investors digested lackluster PMI data and continued to assess the future of trans-Atlantic relations.

Despite a recent de-escalation in tensions after US president Donald Trump withdrew tariff threats following a framework agreement with NATO regarding Greenland, markets remain cautious about the potential for further trade shocks.

On the data front, preliminary January PMI figures showed a mixed picture for the region.

The Eurozone manufacturing PMI rose to 49.4 vs 48.8 in the previous month, while the services sector slowed to 51.9 vs 52.4 in December. Germany saw improvements in both manufacturing, which rose to 48.7 vs 47.0 in the previous month, and services, which climbed to 53.3 vs 52.7 in December.

In France, manufacturing jumped to 51.0 vs 50.7 in the previous month, though the services sector slipped to 47.9 vs 50.4 in December.

The London FTSE 100 closed down 0.07% at 10,143.44 points, the Frankfurt DAX rose 0.17% at 24,917.91 points, the Paris CAC 40 shed 0.07% at 8,143.05 points, while in Milan the FTSE MIB lost 0.58% at 44,831.60 points, and in Madrid the IBEX 35.

closed 0.68% lower at 17,543.38 points.

(RADIOCOR) 23-01-26 18:08:11 (0620) 5 NNNN