European stocks were slightly lower on Monday morning, following the trend set by their Asian counterparts overnight.
The pan-European Stoxx 600 slipped 0.2% lower by late morning trade, with basic resources shedding 1.2% to lead losses while health care stocks added 0.4%.
The negative trade for European equities comes after stocks in Asia-Pacific mostly declined Monday, and U.S. stock futures fell in early morning trading as investors assessed the outlook for more Covid-19 relief stimulus.
The stock market is coming off a solid week to start 2021 as investors looked past a violent siege of the Capitol and focused on the prospect for additional fiscal stimulus after a Democratic sweep of Congress.
In Europe, investors are focused on the alarming surge in coronavirus cases globally as countries race to vaccinate their elderly, the most vulnerable members of society, and healthcare workers against Covid-19 as fast as they can. At the weekend, the U.K.’s Queen Elizabeth and her husband Philip, both in their nineties, received vaccinations against Covid-19, Buckingham Palace said.