- European stocks traded around the flatline on Monday after euro zone data disappointed investors.
- Euro zone economic sentiment eased more than expected in August from a record high in July, data showed.
- U.K. markets are closed for a public holiday.
LONDON — European stocks posted mild gains on Monday, dismissive of broadly positive trade elsewhere in global markets.
The pan-European Stoxx 600 index rose less than 0.1% as market sentiment turned sour after data showed euro zone economic sentiment eased more than expected in August from a record high in July. The European Commission's economic sentiment index fell after a marked decline in optimism in France and the Netherlands.
U.K. markets were closed on Monday for a public holiday. Indexes for France and Germany also reported slight gains.
It's expected that U.S. stocks could stay range-bound until the release of August's jobs report on Friday, however. Economists polled by Dow Jones expect 750,000 jobs were created in August and the unemployment rate fell to 5.2%.
Last week, the S&P 500 and the Nasdaq Composite closed at all-time highs on Friday as investors breathed a sigh of relief after Federal Reserve Chair Jerome Powell signaled bond tapering could start this year, but the central bank is in no rush to hike interest rates.
In Asia-Pacific Monday, shares in Asia-Pacific mostly rose on Monday trade, with Australian stocks recovering from an earlier slip as Covid cases in the country spike.
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