<\/p>\n\n\n\n
European stocks opened lower on Monday as investors braced for a week filled with key economic data releases from the region, while awaiting remarks from European Central Bank (ECB) President Christine Lagarde.<\/p>\n\n\n\n
By 07:10 GMT, the pan-European STOXX 600 index had slipped 0.1% to 527.47 points. Despite this slight dip, the index was on track for a third consecutive monthly gain, marking its longest winning streak in nearly seven months.<\/p>\n\n\n\n
Losses were tempered by gains in the oil sector, fueled by rising oil prices due to concerns over the potential escalation of conflict in the Middle East.<\/p>\n\n\n\n
Key economic data releases are expected later in the day, with Germany’s preliminary Consumer Price Index (CPI) figures for September due at 12:00 GMT and Italy’s figures scheduled for 09:00 GMT. In the U.K., the FTSE index remained flat after Britain’s GDP figures for the second quarter indicated slower-than-expected economic growth.<\/p>\n\n\n\n
ECB President Christine Lagarde is set to address the European Parliament at 13:00 GMT, with investors closely watching for any signals regarding future monetary policy.<\/p>\n\n\n\n
Among individual stocks, Volkswagen dropped by 2% after the German automaker cut its 2024 guidance. Similarly, Stellantis NV plunged 8% following a downward revision of its annual guidance, citing a worsening global industry environment. This led to a 2.2% decline in the automobile sector, making it the worst-performing sector of the day.<\/p>\n\n\n\n
In other notable movements, British private equity and venture capital firm 3i Group fell 3.5% after reports emerged that Shadowfall Capital had taken a short position on the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks opened lower on Monday as investors braced for a week filled with key economic data releases from the region, while awaiting remarks from European Central Bank (ECB) President Christine Lagarde. By 07:10 GMT, the pan-European STOXX 600 index had slipped 0.1% to 527.47 points. Despite this slight dip, the index was on track …<\/p>\n","protected":false},"author":9,"featured_media":105788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-106538","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106538"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106538\/revisions"}],"predecessor-version":[{"id":106539,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106538\/revisions\/106539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105788"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}