European stocks edge lower; caution ahead of central bank meetings
) stock fell almost 6% after new CEO Slawomir Krupa pledged to cut costs to boost profits by 2026 amid stagnating sales, in his first strategic plan for France's third-biggest listed bank.Oil prices headed higher Monday, continuing to rally on the back of expectations of a tighter market ahead of a series of central bank policy-setting meetings this week.
The crude benchmarks have risen over 30% over the past three months following supply cuts from Saudi Arabia and Russia, which could push the market into a substantial deficit in the fourth quarter. Traders will be watching decisions and commentary by central banks, including the U.S. Federal Reserve, this week on interest rate policies, and key economic data out of China.
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