European stocks opened lower on Monday as dollar-denominated commodities lost traction in the face of a stronger greenback, while investors awaited key inflation data due this week in the euro zone and the United States.
The pan-European STOXX 600 index was down 0.2 percent by 0823 GMT after the broader European market closed at a record high on Friday.
The basic resources sub-index led the losses, down 1.4 percent, followed by oil and gas stocks, which fell 0.8 percent as most metals and crude prices fell after the dollar rose on market expectations that higher-than-expected inflation could delay interest rate cuts.
Investors are awaiting the release of data on consumer confidence, business activity and consumer prices in the euro zone for February this week.
Across the Atlantic, investors will be watching January's core personal consumption expenditures price index, the Federal Reserve's preferred gauge, as well as February factory output data.
French investor Xavier Niel and his Iliad Telecoms group agreed to buy a 19.8 percent stake in Swedish telecoms company Tele2 for 13 billion crowns ($1.26 billion). Tele2 shares rose more than 9 percent.
