European markets turned lower on Monday as investors look ahead to the upcoming interest rate decision from the European Central Bank.
European markets
The pan-European Stoxx 600 provisionally closed 0.07% lower, with most sectors trading in the red. Mining stocks fell 1.24% while tech rose 0.8%.
U.S. stocks were also lower in morning trade after the benchmarks notched fresh record highs.
Last week, regional markets ended the week higher after investors assessed fresh inflation data out of the euro zone. Headline consumer price index fell to 2.6% in February, from January's 2.8%; economists polled by Reuters had forecast a headline reading of 2.5%.
In Asia-Pacific markets Monday, Japan's Nikkei 225 crossed the 40,000 mark, gaining 0.46% and setting a record high after the S&P500 and the Nasdaq Composite both hit fresh all-time highs on Friday.
Oil prices rose slightly overnight — with West Texas Intermediate crude prices briefly crossing the $80 mark for the first time in four months — as oil heavyweights Saudi Arabia and Russia, alongside other key OPEC+ producers, said they would extend voluntary crude supply cuts until the end of the second quarter.