This is CNBC's live blog covering European markets.
European stock markets closed flat Monday, after paring modest early-session gains.
Markets had a positive opening following last week's boost before slipping into the red.
The pan-European Stoxx 600 provisionally closed down 0.03%. Mining stocks dropped 2.6% to lead losses, with Anglo American and Rio Tinto among the worst performers.
We've got the news you need to know to start your day. Sign up for the First & 4Most morning newsletter — delivered to your inbox daily. >Sign up here.
Citi analysts said China's announcement of a growth target of 5% this year after it fell short of its "around 5.5%" target in 2022, could "feel disappointing to some investors."
Sector gains on Monday were led by travel and leisure stocks, which were up 1.8%.
Stocks in Asia-Pacific were mixed as investors further digested comments on the Chinese economy outlined in its parliamentary sessions.
Money Report
U.S. stocks were higher in early trade as Wall Street looked ahead to a week filled with economic data and the latest commentary from the Federal Reserve.
There will be congressional testimony Tuesday and Wednesday from Fed chair Jerome Powell that will give investors a better idea of what the central bank is thinking about inflation and its rate-hiking campaign.
The U.S. non-farm payroll will be a key focus this week, with expectations to see cooled hiring, prompting the Federal Reserve to maintain a smaller rate hike pace.
Europe markets close flat
The pan-European Stoxx 600 closed 0.02% lower Monday, with the major indexes a mixed bag.
The U.K.'s FTSE 100 fell 0.2%, as Germany's DAX index finished 0.5% higher and France's CAC 40 climbed 0.3%.
Among sectors, mining stocks dropped 2.7%, which analysts linked to a growth forecast of "around 5%" announced by commodity-hungry China.
Several other sectors remained in the green, with travel and leisure stocks up 1.9%.
— Jenni Reid
Inflation is unlikely to travel ‘deeply south,’ strategist says
Peter Toogood, CIO at Embark Group, discusses the outlook for the economy and whether inflationary pressures will ease in the short term.
U.S. stocks open slightly higher
The major averages opened slightly higher to start a big week for economic data.
The S&P 500 added 0.25%, while the Nasdaq Composite jumped 0.4%. The Dow Jones Industrial Average rose just 46 points, or 0.14%.
— Samantha Subin
DHF Capital asset manager: We’re buying U.S. tech stocks
Bas Kooijman, CEO and asset manager at DHF Capital, says "we're mostly trying to diversify all the asset classes."
European mining stocks down 2.4% after China growth target
Mining stocks dropped 2.4% in morning trade, bucking the broadly positive trend across European markets after the announcement of a modest Chinese growth target.
China set a growth expectation of "around 5%" for 2023, according to a government report released Sunday, with the consumer price index aiming to grow by 3%.
The news prompted base metal prices to slide after hopes the industry would have a solid demand rebound in 2023 following China's reopening. Iron ore, zinc, nickel, aluminium and lead all lost momentum Monday morning, according to the London Metal Exchange.
— Hannah Ward-Glenton
Major shareholder sells its Credit Suisse stake
Major Credit Suisse shareholder Harris Associates sold its stake in the Swiss Bank in recent months, as confirmed by Reuters.
The U.S. investment manager's deputy chair and chief investment officer David Herro did not give a reason for selling the stake, but previously expressed frustration with Credit Suisse's performance.
"We have lots of other options to invest," he told the Financial Times. "Why go for something that is burning capital when the rest of the sector is now generating it?" he added.
Harris Associates is believed to have owned as much as 10% of Credit Suisse's stock last year, but started to cut its exposure to the bank in October, according to the FT.
The beleaguered bank has seen an exodus of shareholders following a string of scandals and annual losses described as "completely unacceptable" by the bank's CEO Ulrich Koerner.
CNBC has contacted Harris Associates for comment.
— Hannah Ward-Glenton
CNBC Pro: Wall Street pros name the biggest risk to stock markets — and reveal how to trade it
Stock markets are broadly in the green this year, but there is an uneasiness about the rally, with several risk factors still afflicting the market.
How should investors trade the market? Wall Street pros weigh in with their top ideas.
Pro subscribers can read more here.
— Zavier Ong
UBS raises its China growth forecast for 2023 from 4.9% to 5.4%
UBS raised its growth forecast for China in 2023 from 4.9% to 5.4%, the firm said in a Monday report.
"Economic re-opening is proceeding better than we had expected earlier – the feared "second-wave" of Covid did not materialize and there was little sign of supply disruptions," it said, adding that the global economy has been more resilient than earlier predicted.
UBS also raised its 2024 growth forecast for the country to 5.2% from a previous estimate of 4.8%, while lowering its inflation forecast for 2023 from 3% to 2.5%.
— Jihye Lee
CNBC Pro: Goldman Sachs has added 3 stocks to its conviction buy list, giving one 100% upside
Goldman Sachs has this year added a number of stocks to its conviction list. These are buy-rated stocks it expects to outperform, and it gave them further share price upside.
CNBC Pro subscribers can read more here.
— Weizhen Tan
European markets: Here are the opening calls
European markets are heading for a positive start to the new trading week.
The U.K.'s FTSE 100 index is expected to open 1 point higher at 7,950, Germany's DAX 49 points higher at 15,635, France's CAC up 35 points at 7,391 and Italy's FTSE MIB up 143 points at 27,992, according to data from IG.
Data releases include euro zone retail sales for January and Germany's industrial orders for the same month.
— Holly Ellyatt
