European markets started the day lower on Monday.
European markets opened lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve interest rate cut were boosted Friday.
The pan-European Stoxx 600 was down by 0.2% shortly after trading began, with regional indexes largely trading in negative territory. Germany’s DAX was last around 0.4% lower, while France’s CAC 40 fell around 0.3%. U.K. markets were closed for a public holiday.
Investors continued to weigh the economic outlook after Federal Reserve Chairman Jerome Powell on Friday suggested the central bank may soon opt to cut interest rates.
