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Dec 4 Reuters Miners and energy stocks dragged Europe39;s STOXX 600 lower on Monday, driven by weak commodity prices, after the benchmark index notched strong gains last week on escalating bets of interest rate cuts.

The panEuropean STOXX 600 was down 0.2 by 0920 GMT, after touching a fresh fourmonth high in early trade and posting its third straight weekly gain on Friday.

Miners dropped 2.1 as a stronger U.S. dollar weighed on copper prices, while energy stocks shed 2 after oil prices fell amid persistent pressure from the OPEC decision and uncertainty over global fuel demand growth.

Investors will keep an eye out for a slew of data this week, including eurozone39;s PMI, producer prices, retail sales and gross domestic product, to gauge the inflation and economic outlook.

Further, the U.S. November payrolls report this week, will be on the radar following remarks from Federal Reserve Chair Jerome Powell on Friday that bolstered expectations that key policy rates have peaked.

A continued easing in inflation across major economies has fuelled speculations that interest rates globally could come down quicker than previously thought, boosting stocks, although multiple central bank officials pushed back against such bets.

Europe39;s STOXX 600 has risen nearly 10 yeartodate, underperforming the U.S. benchmark SP 50039;s near20…