European shares fell on Monday, with major markets falling and investors wary of tough measures from European Central Bank policymakers.
And according to Arab Net, the European Stoxx 600 index fell 0.2%, by 07:20 GMT. The declines were led by shares of chemical, auto and technology companies, while shares of mining companies rose 0.4%, according to Reuters.
Bundesbank President Joachim Nagel told a German newspaper that the European Central Bank should continue raising interest rates even if a recession is increasingly likely in Germany while inflation will remain uncomfortably high throughout 2023.
The focus is on the minutes of the European Central Bank's policy committee meeting due to be published this week, during which tough measures are likely to be announced, and on the performance of the Eurozone PMI on Tuesday.
Gazprom said on Friday that Russia would halt natural gas supplies to Europe for three days at the end of this month. Oil stocks fell 0.7%.
Shares of German healthcare group Fresenius and its dialysis unit, Fresenius Medical Care, rose 5.2% and 2.1%, respectively, in early trading, after the group announced its long-time chief Stefan Storm's intention to resign.
