European markets opened in negative territory on Monday, which will be the region's last full trading session of the year.
The pan-European Stoxx 600 index fell about 0.4% shortly after the opening bell, with all sectors and major bourses in negative territory. Industrials, media and technology stocks led the declines.
Trading is expected to be subdued in Europe on Monday, as markets prepare to end the New Year holiday.
Over the weekend, European Central Bank Governing Council member Robert Holzmann told Austrian newspaper Kurier that the institution could slow down its interest rate-cutting campaign due to high inflation.
Source: CNBC
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