European market open on a soft note

European stocks slipped on Monday, after weekend talks did not lead to a trade deal between the U.K. and the European Union. After rising for five consecutive weeks, the Stoxx Europe 600 started Monday on the back foot, slipping 0.4%, with banks including Lloyds Banking Group declining. Both CAC and DAX Index declined 1% each while FTSE Index bounced back into positive territory.
In the quarterly monetary policy report, to be released with the monetary policy report, the bank is expected to forecast a slow economic recovery from the coronavirus pandemic.
Asian markets closed on a mixed note during Monday's trading session. Benchmarks dropped in Tokyo, Hong Kong and Shanghai (over half percent). Taiwan and Korean Kospi Index gained over half percent each.
The U.S. dollar struggled ahead of the labor Department's closely-watched monthly jobs report on Friday after data showed U.S. private payrolls growth slowed sharply in July.
Oil edged lower after a fifth weekly gain that was driven by an OPEC+ production deal and hopes for a vaccine-induced lift in energy demand. Brent Crude declined 1% to below $49/bbl
US Future declined 160 points or 0.5%