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STOXX 600 down 0.4
Sept 30 Reuters European shares moved lower on Monday as investor caution kicked in at the start of a week packed with a slew of economic data from the region, and the focus turned to comments from ECB President Christine Lagarde.
The panEuropean STOXX 600 fell 0.4 to 525.86 points, set to drop the most in more than a week if losses hold.
However, the benchmark was set to gain for a third straight month, its longest winning streak in nearly seven months. It was up 2.8 for the quarter.
Real estate stocks were the biggest weight on the index, losing 1.3
Gains in the oil sector kept losses in check. Oil prices rose on fears of an escalation of the conflict in the Middle East.
Basic resources, which rose 1.2, led sectoral gains as copper prices rose to their highest in four months on demand prospects after a series of stimulus measures from top consumer China.
Investors sold shares out of caution as they awaited a wave of key economic data through the week including Germany39;s and Italy39;s preliminary inflation figures for September due later in the day.
Weakerthanexpected data from the continent last week pointed to slowing economies.
You39;ve got more signs of stagnating eurozone economic activity and that39;s probably one of the factors weighing on the European equities, said Elias Haddad, senior markets strategist at Brown Brothers Harriman.
Given…