European stocks edged lower during Monday’s trading session.
This came amid mounting concerns in global markets due to ongoing geopolitical tensions in the Middle East.
This has heightened concerns about a resurgence of inflationary pressures and their impact on the global economy.
The European Stoxx 600 index fell 0.2% to 640.45 points during early trading.
This cautious performance comes as the corporate earnings season approaches.
This is prompting investors to closely monitor the markets and European stocks.
Meanwhile, the price of Brent crude surpassed $90 per barrel for the first time in a month.
However, the travel and tourism sector came under clear pressure, which weighed on European stocks.
The sub-index fell by 1.3%. Ryanair led the list of losers after dropping 4.6%.
This followed the company’s announcement that first-quarter profits had fallen by 34% due to rising fuel costs and lower ticket prices.
Meanwhile, the technology index rose by 0.4%, amid anticipation of earnings reports from major U.S. tech companies.
These results could give the markets a new boost, supported by the artificial intelligence sector.
Attention is also turning to the Stoxx 600 index and the European Central Bank meeting this week.
Forecasts indicate that interest rates will remain unchanged, affecting European stocks.
Finally, investors are monitoring any signals regarding monetary policy in the coming period.
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