European stocks mixed; PMIs, Commerzbank in spotlight

Investing.com - European stock markets traded in a mixed fashion Monday, starting the new week on a cautious note as investors continued to digest last week’s outsized interest rate cut by the Federal Reserve.The Fed’s decision to start its rate-cutting cycle with a reduction of a hefty 50 basis points last week has boosted stock investors’ optimism globally, as lower rates should boost economic activity in the world’s largest economy and biggest growth driver.

That said, the major economic data release this week will arrive across the pond, in the form of the Fed's preferred inflation gauge, Late on Friday, Germany's Finance Agency said the state will not sell any more shares in Commerzbank for the time being and the bank's strategy is"geared towards independence."Traders were seen attaching a risk premium to oil prices as Israel continued to carry out strikes in Gaza and Lebanon, keeping concerns of an all-out war in the oil-rich region in play.

The constant fighting and threats of war pushed up concerns that a bigger conflict in the Middle East will disrupt supplies in the oil-rich region, tightening global markets.

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