European markets faced a slight dip, with the STOXX 600 closing down 0.2%, weighed down by tech sector losses. Retail shares gained, led by H&M’s 3.1% rise. Investors await the U.S. Federal Reserve’s expected rate cuts, with central bank decisions in Norway and the UK also under focus.

Key details:

  • The tech index fell 1.2%, reversing last week’s rally.
  • H&M’s strong gains boosted the retail sector.
  • U.S. Fed’s potential 50-basis-point rate cut could benefit equities globally.
  • Rexel surged after rejecting a $9.4 billion offer.

European markets remain cautious ahead of central bank decisions, with a mixed sectoral performance highlighting investor uncertainty.