STOXX 600 up 0.4
Philips tumbles on lowering fullyear sales outlook
ECB39;S Luis de Guindos due to speak later in the day

Oct 28 Reuters European shares started the week on a positive note, as investors prepared for a busy schedule of key economic data releases and earnings from major U.S. companies.

The panEuropean STOXX 600 was up 0.4 at 520.84 points, after its first weekly loss in three on Friday.

The energy sector, which fell 2, weighed on the benchmark. Oil prices tumbled 5 after Iran downplayed Israeli strikes.

Meanwhile, the travel and leisure sector, which includes airline stocks, was up 1.

A large portion of airlines39; costs are tied to fuel expenses and lower oil prices translate to increased profit margins for airlines.

Luxury stocks also provided some support, gaining more than 1.3.

Philips dropped 16.7 after the Dutch medical devices maker lowered its sales outlook for the year.

The healthcare sector ticked 0.3 lower on the news.

European Central Bank Vice President Luis de Guindos39; speech is due later in the day. Sweden39;s preliminary GDP figures and September retail sales are set to be released on Tuesday.

On Wednesday, the euro zone will reveal preliminary flash GDP, consumer confidence, and economic sentiment data, while Germany will release its consumer price figures, flash GDP, and employment data.

Spain39;s estimated GDP, Italy39;s preliminary GDP, and the British budget are also due on Wednesday.

CPI data for the euro zone, France,…