Stocks slip as investors await US report
European stocks slipped, with the Stoxx Europe 600 dropping for a third day in four, as investors awaited a US report on industrial production.
Asian stocks and US index futures declined.
Carlsberg lost 2.3 per cent after second-quarter profit missed estimates.
Standard Chartered gained 2.7 percent after the company settled a New York money laundering probe for $340 million.
The Stoxx 600 fell 0.4 per cent to 269.43 at 8am in London.
European stocks last week rose for a 10th week, extending the longest streak since January 2006, amid better- than-expected company earnings and speculation policy makers will do more to stimulate the economy.
The gauge has rallied 15 per cent from this year's low on June 4 as European Central Bank President Mario Draghi said that he will do anything to protect the 17-nation currency.
The MSCI Asia Pacific Index dropped 0.5 per cent, while Standard and Poor's 500 Index futures fell 0.2 per cent.
"European markets look set to give back a modest portion of yesterday's gains," Chris Weston, an institutional trader at IG Markets in Melbourne, wrote in a note to clients today.
"Clarity needs to be restored, and until September it's hard to see anything other than a continuation of the range-trading we are currently seeing."
The Stoxx 600 climbed yesterday as a report showed German growth slowed less than forecast, while minutes revealed that several Bank of Japan policy makers are prepared to stimulate the economy.