The continental STOXX 600 index was down 0.3% at 0713 GMT, extending last week’s rout after dismal eurozone data pointed to an economic slowdown and adding to concerns over hawkish measures by banks power stations.
Oil, gas and mining stocks fell 1.1% and 2.1% respectively, as crude and metals prices fell on a surging dollar and fears of lower demand due to a recession. world expected. [O/R] [MET/L]
Germany’s main index fell 0.1% ahead of the September business climate data release at 0800 GMT.
However, Italy’s FTSE Mib index rose 0.7%, led by gains in financial stocks, after the centre-right coalition won a clear majority in both houses of parliament in Italy’s general election.
European financial markets will be watching Ms Meloni’s first steps carefully – starting with her ministerial choices – given her Eurosceptic past and her allies’ ambivalent stance on Russia.