European stocks slipped into the red on Monday as investors digested weak China data and eyed Eurozone inflation as well as GDP figures for direction. <\/p>\n
Central bank meetings also remained on investors’ radar, with both the Federal Reserve and Bank of England expected to raise rates by 75 basis points on Wednesday and Thursday, respectively. <\/p>\n
The pan European STOXX 600 was down 0.2 percent at 409.98 after closing 0.1 percent higher on Friday. <\/p>\n
The German DAX and the U.K.’s FTSE 100 both traded marginally lower, while France’s CAC 40 index dropped 0.4 percent. <\/p>\n
Credit Suisse rose over 2 percent after the Swiss bank unveiled details of a plan to raise 4 billion Swiss francs in capital.<\/p>\n
Italian lender UniCredit SpA added 1.7 percent after raising its full-year guidance on net interest income. <\/p>\n
International Distribution Services \u2014 formerly Royal Mail \u2014 jumped 6.2 percent in London after its largest labor union, the Communications Workers Union (CWU), has withdrawn its planned strike action in Britain in the next two weeks.<\/p>\n