European stocks finished lower on Monday as Britain's export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.[BENGALURU] European stocks finished lower on Monday as Britain's export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.
However, investors were mostly looking ahead to the ECB's policy meeting on Thursday, when the central bank is expected to introduce a new wave of monetary stimulus.Europe's banking index, the worst performer this year among major subsectors, rose 2.2 per cent to hit more than a one-month high.
Banking-heavy indexes of Milan and Madrid rose about 0.2 per cent, with Santander's shares gaining 2.4 per cent after the Spanish bank said it would raise its ownership of its Mexican business to 91.65 per cent from 74.96 per cent after a stock exchange offer.
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