European stocks close lower amid interest rate fears 
U.S. stocks staged an afternoon rally on Monday as major tech stocks reversed earlier losses and snapped a four-day losing streak for the Nasdaq Composite. 
Large tech stocks were under pressure in early trading but were able to stabilize as the day wore on. Amazon, Nvidia and Facebook-parent Meta saw only mild losses after falling sharply on Monday morning. Shares of video game publisher Take-Two fell more than 15% after the company announced a deal to purchase Zynga. 

The pan-European Stoxx 600 provisionally closed down by 1.3%, having started the trading session up by 0.3%. Tech stocks fell 3.2% to lead losses while banks, which would benefit from higher interest rates, rose 0.4%. 
In terms of individual share price movement, French technology consulting firm Atos plunged nearly 17% after the company said it would not achieve its 2021 profit targets. 
At the top of the benchmark, Ubisoft rose more than 4% after Take-Two Interactive announced a $12.7 billion deal to buy rival gaming company Zynga, potentially fueling speculation about further consolidation in the sector. 
On the data front in Europe on Monday, euro zone unemployment fell to 7.2% in November from 7.3% in October, while the Sentix index showed euro zone investor morale has risen in January from 13.5 to 14.9, ahead of analyst expectations. 
Source: CNBC, Investing.com