European Shares Dip as Investors Eye Economic Data and ECB Comments

European shares slid on Monday as investors showed caution ahead of a busy week of economic data releases. The pan-European STOXX 600 fell 0.4%, impacted by losses in real estate stocks. Gains in oil and basic resources sectors helped limit the decline. Investors are focusing on statements from ECB President Christine Lagarde.

European shares opened the week lower as investor caution rose ahead of significant economic data releases. The pan-European STOXX 600 dropped 0.4% to 525.86 points, potentially marking its largest decline in over a week, although it remained on track for a third consecutive monthly gain.

Real estate stocks were the biggest drag, falling 1.3%. Sectoral gains were led by basic resources, up 1.2%, driven by rising copper prices due to positive demand prospects from China. The oil sector also provided some support amid escalating Middle East tensions.

As investors await key economic data and speeches from central bank leaders, including ECB President Christine Lagarde, market sentiment remains cautious. The STOXX 600 had recently hit record highs, buoyed by Chinese stimulus measures but faced renewed pressure with weakened economic signals from Europe.

(With inputs from agencies.)