London (Reuters)
European stocks fell on Monday as investors awaited a week full of economic data and awaited statements from European Central Bank President Christine Lagarde.
The STOXX 600 index fell by 0.1% to 527.47 points by 0710 GMT, but it is heading to rise for the third month in a row to record the longest series of gains in about seven months.
Oil prices, which rose amid fears of escalating conflict in the Middle East, limited losses.
Preliminary CPI data for September in Germany is scheduled to be released at 1200 GMT, while the same data will be released in Italy at 0900 GMT.
UK GDP data for the second quarter showed the country’s economy growing slower than expected. The Financial Times index stabilized.
The head of the central bank is scheduled to deliver a speech before the European Parliament at 1300 GMT.
Volkswagen shares fell 2% after the German car manufacturer lowered its forecasts for 2024.
Stellantis NV shares fell 8% after the French-Italian company lowered its annual forecasts, attributing this to a deterioration in global industry dynamics.
Automotive stocks fell 2.2%, being the biggest losers among various sectors.
#European #stocks #decline #start #week #full #data