European stocks decline with anticipation of the results of central bank meetings

European stocks opened slightly lower on Monday after sharp gains last week, as investors awaited a week full of central bank meetings in Norway, Sweden, Switzerland, Britain and the United States to make decisions on interest rates.

The European STOXX 600 index fell 0.2 percent by 0705 GMT due to a decline in shares of the health care sectors and technology companies that are sensitive to interest rates.

This week, attention will be focused on global central banks, with the Bank of England likely to raise interest rates for the fifteenth time later in the week, and the Federal Reserve also appears ready to temporarily stop raising interest rates.

Nordic Semiconductor shares fell nearly 14 percent after the company lowered its third-quarter earnings forecast.

Slavomir Krupa, the new CEO of Société Générale, pledged to cut costs to boost profits by 2026 in light of stagnant sales, in his first strategic plan for the third largest listed bank in France, which led to the stock falling 5.9 percent.