European markets were lower to the new trading week, days after the region’s Stoxx 600 index reached its highest level since Sept. 20.
The Stoxx was 0.2% lower by mid-morning, as sector moves were muted.
Oil and gas stocks fell 0.7% as oil futures traded lower ahead of the delayed OPEC meeting now set to be held virtually Thursday.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 7474.31 | -13.89 | -0.19 |
| .GDAXI | DAX | 16002.15 | -27.34 | -0.17 |
| .FCHI | CAC 40 Index | 7290.03 | -2.77 | -0.04 |
| .FTMIB | FTSE MIB | 29365.45 | -66.85 | -0.23 |
| .IBEX | IBEX 35 Idx | 9969.2 | 30.2 | 0.3 |
Asia-Pacific markets started the week largely lower, with Chinese markets dragged by property stocks and Japan’s service inflation surging to a 45-month high.
U.S. stock futures dipped on Sunday evening as Wall Street looks to build on four straight positive weeks for the equity market. Wall Street is coming off the fourth-straight winning week for all three major averages, as stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October.
2 HOURS AGO
Europe stocks start week slightly lower
European markets dipped at the start of the new trading week, though sector movements remained subdued.
Oil and gas stocks fell 0.8% as retail nudged 0.3% higher.
The Stoxx 600 index was 0.1% lower at 9:05 a.m. London time. The pan-European benchmark has climbed steadily through November and is on track for a monthly gain of more than 6%, according to LSEG data, its best month since January.
