European stocks slipped into the red on Monday as investors digested weak China data and watched euro zone inflation and GDP figures.
Central bank meetings also remained a focus for investors, with the Federal Reserve and Bank of England expected to raise rates by 75 basis points on Wednesday and Thursday, respectively.
The pan-European STOXX 600 index fell 0.2 percent to 409.98 after Friday’s close, up 0.1 percent.
Germany’s DAX and Britain’s FTSE 100 traded slightly lower, while France’s CAC 40 index fell 0.4 percent.
Credit Suisse rose more than 2 percent after the Swiss bank revealed details of a plan to raise 4 billion Swiss francs in capital.
Italian lender UniCredit SpA added 1.7 percent after raising its full-year net interest income guidance.
International Distribution Services — formerly Royal Mail — jumped 6.2 percent in London after its biggest union, the Communications Workers Union (CWU), called off planned strike action in Britain in the next two weeks.
Engineering company IMI fell more than 1 percent after it agreed to buy New York-based microfluidics flow control business CorSolutions.
Heat treatment specialist Bodycote fell 2.8 per cent after appointing Ben Fiedler as its next chief financial officer, succeeding Dominic Yates, who announced his intention to retire earlier this year.
Shares in Fresenius Medical Care rose 5.4 percent despite the German health care company cutting its FY22 profit forecast.
The company said it expects net income attributable to the company’s shareholders to decline in the low-teens to mid-twenties percentage range in 2022.
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