The pan-European Stoxx 600 index hits a record high, with Dutch chip stock BESI rising 7%

Investors weighed Iran's geopolitical developments and the new pressures faced by Federal Reserve Chairman Jerome Powell, leading to a higher close for European stock markets on Monday. The pan-European Stoxx 600 index reached a new high on Monday, closing up 0.2%.

In individual stocks, Heineken's chairman announced he would step down on May 31, causing the stock to close down over 4%. Dutch chipmaker BESI is expected to see order amounts exceed €250 million in the fourth quarter, a 43% increase from the third quarter and a 105% increase year-on-year, with the stock closing up over 7%.

The UK FTSE 100 index closed up 16 points or 0.2% at 10,140 points. The German DAX index closed up 143 points or 0.6% at 25,405 points. The French CAC 40 index closed down 3 points at 8,358 points