Europe Markets: Dashed hopes for oil deal help pull European stocks lower

European stocks slipped Monday, with lower oil prices weighing on energy shares, as investors got ready to assess fresh growth and inflation data for the eurozone.

The Stoxx Europe 600 index SXXP, -0.46% shed 0.3% to 339.96, with oil and gas SXEP, -1.24% and financial SXFR, -0.33% shares among those losing ground. But gains for basic materials SXPR, +0.27% and consumer stocks helped limit losses on the pan-European benchmark.

The index was on track to finish the month of October lower by 1%, which would be the largest monthly loss since a 5.1% slide in June, in the aftermath of the Brexit vote.

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