European shares fell on Monday, amid a deepening energy crisis and weak Chinese data on economic growth, as well as the Moscow Stock Exchange’s indexes fell.
The pan-European Stoxx 600 index fell 0.4% in early trading. And the Dutch health technology company, Philips, fell 2.3% after it cut its growth forecast, with its third-quarter 2021 earnings affected.
European mining, oil and gas companies were among the few gainers, with crude futures rising above $85 a barrel and metals prices rising.
Moscow Stock Exchange:
The Russian stock market also started the week’s trading lower in light of weak Chinese data and inflation fears.
By 11:18 Moscow time, the MICEX ruble-denominated stock index fell 0.29% to 4249 points, while the RTS dollar-denominated stock index fell 0.53% to 1882 points.
Japanese stocks in the red
Japanese shares closed slightly lower on Monday as investors took profits after the recent rally. Investors have been cautious as uncertainty over China’s economy grows.
The Nikkei index fell 0.15 percent to close at 29,025.46 points, after recording its first weekly gain in four weeks last week.
Source: RT + Reuters