European stocks started the week on a cautious note, with the STOXX 50 slipping 0.1% and the STOXX 600 hovering near the flatline, as traders brace for a week of key central bank decisions from the Fed, BoE, and BoJ. Adding to concerns were signs of economic weakness in the Euro Area. Flash PMIs from France revealed the country's private sector contracted for a fourth consecutive month, with a sharp deepening in the manufacturing downturn.
Over the weekend, Moody's unexpectedly downgraded France's credit rating to Aa3 from Aa2, citing concerns over weakened public finances due to ongoing political instability. In Germany, Chancellor Olaf Scholz faces a confidence vote on Monday, with expectations of a defeat that could trigger snap elections early next year.
Source: Trading Economics
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