The STOXX 600 index fell on Monday, dragged by commodity-linked stocks following a global rout in energy and metal prices, while investors also assessed a number of earnings to gauge the health of corporate Europe.
The pan-European STOXX 600 fell 0.4% by 0819 GMT, with basic resources set for its biggest daily loss since July 2025, declining more than 2%.
Gold, silver and industrial metals deepened their losses, as US President Donald Trump’s nomination of Kevin Warsh as the next US Federal Reserve chair on Friday set off a wave of selling in risk assets.
Signs of geopolitical tensions easing between the US and Iran also sparked a selloff in crude prices, sending European energy stocks down 2% in early trading.
On the earnings front, Swiss bank Julius Baer lost 1.3% after reporting a net profit for 2025, which was down 25% from 2024 in a year marked by writedowns.
The risk-off mood had investors piling into sectors that are expected to fare better in economic downturns.
The food and beverage sector rose 1.1%, offsetting some of the broader market losses.
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