European markets start the new trading week in mixed territory

European markets start the new trading week in mixed territory


London’s Bishopsgate, the British capital’s financial district.

Vuk Valcic | Sopa Images | Lightrocket | Getty Images

LONDON — European stocks started the new trading week in mixed territory, after global markets rallied last week.

The pan-European Stoxx 600 index was marginally lower in opening deals, down 0.08%, with sectors and major bourses diverging. Tech stocks led loses, down 0.42%, while mining stocks inched higher, up 0.5%.

European markets closed higher last Friday, rounding off a winning week for global stocks after recent market jitters and volatility.

U.S. stocks posted solid gains last Friday, boosted by last Thursday’s weekly jobless claims and retail sales data. That further signaled to investors that recent nervousness over a U.S. recession were overblown.

Overnight, Asia-Pacific markets were mixed as investors awaited a slew of central bank releases and inflation data this week. U.S. stock futures inched higher in overnight trading Sunday.

Stock picks and investing trends from CNBC Pro:

Wall Street is looking ahead to Federal Reserve Chair Jerome Powell’s Jackson Hole, Wyoming, speech on Friday, searching for more clarity on the outlook for rate cuts. Minutes from the Fed’s most recent meeting are also set to be released Wednesday.

There are no major earnings releases Monday. Data releases include Spain’s latest balance of trade figures.



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