European equities saw minimal shifts on Monday, despite a surge in commodity prices which lent support to the mining and energy sectors.
The euro faced downward pressure in the absence of significant economic data releases.
European Central Bank policymaker Gediminas Simkus indicated that interest rates might dip below the natural level of 2 to 3 percent should a decline in inflation persist.
The pan-European STOXX 600 index saw a slight decrease, settling at 524.56, following a 0.2 percent climb on Friday.
Germany's DAX decreased by 0.3 percent, France's CAC 40 fell by 0.2 percent, and the U.K.'s FTSE 100 maintained a generally positive stance. The British pound weakened due to the strengthening dollar but remained above the $1.30 mark.
In London, mining companies such as Anglo American, Antofagasta, and Glencore saw gains ranging from 0.5 percent to 1.2 percent.
Energy titan BP Plc experienced an uptick of nearly 2 percent, while Shell saw a 1.1 percent increase.
FirstGroup's shares rose by 1.3 percent following the confirmation of its acquisition of coach company Anderson Travel.
Hollywood Bowl witnessed a 2.5 percent rally, as the ten-pin bowling operator projected its fiscal 2024 adjusted earnings to surpass market expectations.
Finnish network company Nokia Oyj climbed 1.7 percent after announcing a partnership with Vietnam Posts and Telecommunications Group to deploy 5G technology.
Dutch coffee producer JDE Peets soared by 16 percent upon appointing a new CEO and reaffirming its 2024 outlook.
Norwegian lender DNB Bank appreciated by about 0.5 percent following its agreement to acquire all shares of Carnegie Holding AB from Altor and minority shareholders, with a total consideration of approximately 12 billion Swedish kronor.
French pharmaceutical company Sanofi trended lower as it entered into exclusive discussions to divest a 50 percent controlling stake in its consumer healthcare unit, Opella, to private equity firm CD&R.
Forvia, the seventh-largest automotive parts supplier by revenue, surged 8.3 percent after surpassing third-quarter sales expectations.
German software company SAP saw a modest rise ahead of its earnings announcement.
Reinsurance heavyweight Munich Re dropped over 2 percent following a ratings downgrade by Jefferies.
