Ryanair falls after annual profit forecast cut
Goldman Sachs lowers STOXX 60039;s EPS forecast for 2024
Holcim jumps on U.S. spin off plans

Jan 29 Reuters European equities started the week on a subdued note, after hitting twoyear highs in the previous session, as losses in financial stocks partially outweighed strong gains in the energy sector.

The panEuropean STOXX 600 index was flat on Monday at 483.86 points, as of 0940 GMT. On Friday, the benchmark index hit its highest in two years and clocked the best week in three months.

Oil and gas stocks added 1.3, tracking earlier gains in crude prices after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East.

We39;re in a period right now where demand for oil has been fading over the past year or so. Something has to happen on the supply side to affect the price and we39;ve seen that, Michael Field, European market strategist at Morningstar, said.

Countering gains, financials lost 0.5, bogged down by a 4.4 fall in Schroders after Exane BNP Paribas downgraded the UK fund manager39;s shares and Jefferies raised concerns about the company39;s pricesearnings premium.

Shares of Ryanair, Europe39;s largest airline by passenger numbers, dropped 2.9 after the carrier trimmed its profit forecast for the year ended March. The travel and leisure index fell 0.5.

Investor focus will now be on the U.S. Federal Reserve39;s interest rate decision later this week.

The European…