European stocks dip lower as market uncertainty lingers; Sweden's Riksbank cuts rates

index was down 0.09% by 11:30 a.m. London time, with sectors and major bourses trading in mixed territory. Tech stocks added 0.71%, while oil and gas fell 1.34%.Reuters last week that the company was looking for a big pharma partner to help bring its weight loss drug to market.In central bank news, Sweden's Riksbank cut interest rates by 25 basis points to 3.50% from 3.75%, and signaled two to three more rate cuts this year.

Jens Magnusson, chief economist at financial services group SEB, said the central bank was likely to look to the Federal Reserve for direction on the pace of policy easing. "They don't want the rate spread to become too big," he told CNBC."If the Fed continues on a more hawkish drive, then the Riksbank can't move on at full speed."Global markets will now be focused on key Fed events this week. Minutes from the central bank's most recent meeting will be released Wednesday, before Fed Chair Jerome Powell's Jackson Hole, Wyoming, speech on Friday.

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