Energy shares down tracking oil prices
Rightmove soars on higher annual ARPA outlook.
STOXX 600 down 0.1

Nov 27 Reuters European shares were muted on Monday hurt by losses in energy stocks, while cautious investors awaited comments from European Central Bank ECB President Christine Lagarde on monetary policy later in the day.

The panEuropean STOXX 600 index slipped 0.1, with most peers trading in the red, except Spanish stocks, which rose 0.4.

Energy shares were the biggest drag, falling 0.8, after Brent prices fell toward 80 a barrel, as investors awaited the OPEC meeting due later this week for an agreement to curb supplies into 2024.

Profits at China39;s industrial firms growing at a slower pace in October also weighed on oil stocks, suggesting more policy support from Beijing was needed to help shore up growth in the top consumer to revive demand.

Ratesensitive real estate and technology shares gained 0.5 and 0.2, respectively, ahead of comments from ECB39;s Lagarde, who will be speaking at 1400 GMT before the Committee of Economic and Monetary Affairs of the European Parliament.

It is no secret that a number of ECB policymakers continue to push the narrative that rates could go higher, said Michael Hewson, chief market analyst at CMC Markets, UK.

However, the market simply isn39;t buying into the narrative, given how quickly inflationary pressure is slowing across Europe, alongside the continued deterioration in the latest economic numbers.

Investors…