European shares closed lower on Monday ahead of a week of decisive political events in Europe and the Federal Reserve’s key meeting this week.
The FTSEurofirst 300 Index provisionally closed down 0.3 percent.
European shares had rallied by over 3 percent last week after the European Central Bank (ECB)announced its much-awaited bond-buying plan.
This week investors may remain on the sidelines as the Fed meets in the U.S. to decide on whether more economic stimulus in the form of quantitative easing (explain this) is needed.
The European Commission will also detail proposals for a European-wide banking regulatoron Wednesday.
French industrial production for July rose 0.2 percent month-on-month, which was well above forecasts of -0.5 percent.
Italy's gross domestic product
Euro zone investor confidence data was better than expected. The Sentix data released showed a rise to -23.2 points in September, from -30.3 points registered in the previous month.
Germany auctioned 3.4 billion euros of six-month debt on Monday morning. Bundesbank data showed it attracted more demand than at a previous sale in August. The bid-to-cover ratio stood at 1.5 and the average yield was -0.015 percent.