The pan-European STOXX 600 was at 587.28 at 0810 GMT. Major regional markets were lower, with the ones in London and France down 0.3% each.
Most sectors retreated following Friday's robust gains. However, tech shares gained 0.6% after wrapping up the previous week with a 0.9% decline.
Commodity-linked sectors traded higher, with miners up 1.2% after gold prices raced past $4,400 for the first time and copper prices set a record high.
Abivax jumped 10% after media reports of renewed chatter of U.S. pharma giant Eli Lilly attempting a takeover.
Oil firms gained 0.3% tracking a rise in oil prices.
On the radar will be a gross domestic product reading in the U.S., among the final economic indicators before markets head into holidays later this week.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join Telegram