European markets were lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due this week.
The pan European Stoxx 600 was down 0.38% at 2:40 p.m. London time, with major regional bourses and sectors mostly pulling back. Retail stocks led losses, down 1.17%, while oil and gas stocks added 0.36%.
Markets had closed lower on Friday, with the Stoxx 600 recording its fourth consecutive weekly decline.
This week, investors will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The figures come after Friday's U.K. gross domestic product reading, which came in at 0.1% in the third quarter, falling short of expectations.
A final reading of the euro zone consumer price index is also due this week. A slew of purchasing managers' index reports from across the region are slated for Friday.
Before then, several central bank policymakers, including European Central Bank President Christine Lagarde, are set to give remarks, which investors will be parsing through for hints about whether the ECB will announce another interest rate cut when it meets in December.(Cay)
Source: CNBC
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