By Investors Hub
European stocks have moved mostly lower on Monday ahead of a busy week of key events and U.S. economic indicator releases.
The Federal Reserve’s monetary policy announcement remains in focus, although the U.S. central bank is widely expected to leave interest rates unchanged.
On the U.S. economic front, the all-important jobs data along with reports on consumer confidence, pending home sales and manufacturing activity are scheduled for this week.
Investors are also keeping an eye on earnings news from major companies, Brexit developments and the next round of U.S.-China talks for further direction.
While the German DAX Index has fallen by 0.4 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are down by 0.6 percent and 0.7 percent, respectively.
MorphoSys AG has slumped in Frankfurt after a U.S. court declared some patents invalid.
Alstom shares have also fallen in Paris. Media reports suggest that the French group and German conglomerate Siemens have made new concessions to the EU Commission regarding the planned merger of their rail activities.
Bio-on S.p.A., an Italian Intellectual Property Company, advanced 1.5 percent after it announced a partnership with consumer goods giant Unilever.
Supermarket chain Tesco has also dropped on buzz it may cut thousands of jobs in the U.K.
Meanwhile, online grocer Ocado and Marks & Spencer have advanced after reports they held secret talks over the launch of a food delivery service.
