European Shares Slide on Inflation Fears

European stocks were lower on Monday after rising commodity prices raised concerns sparked by a deepening energy crisis, while weak weekly data from China kept fears of slowing economic growth.

The pan-European STOXX 600 index fell 0.4 percent by 0707 GMT after an upbeat start to the quarterly earnings season in the United States and Europe on Friday helped the benchmark index post its strongest weekly performance since March.

Dutch health technology Philips shares fell 2.3 percent after it cut its growth forecast, with its third-quarter profit affected by a massive recall of respirators and a shortage of electronic components. $85 a barrel and the rise in metal prices.