The European markets fell on Monday, as mining and energy stocks dropped after metals and crude oil prices retreated.
European Central Bank President Jean-Claude Trichet said the global economy is around the inflection point.
Crude for June delivery fell $0.87 to $57.76 a barrel on the New York Mercantile Exchange, by the time the European markets closed, On Friday, the contract rose $1.92 to settle at $58.63 a barrel, as investors appeared to second-guess a 10% surge in the value of crude oil last week.
The FTSEurofirst 300 index of pan-European blue chips closed 1.31% lower at 854.56 points, while the narrower DJ Stoxx 50 index fell 0.91% to 2,091.09 points.
Around Europe, the U.K.'s FTSE 100 index fell 0.60% to 4,435.50, while France's CAC 40 dropped 1.93% to 3,248.67 and Germany's DAX index slipped 0.96% to 4,866.91.
Mining stocks fell after copper, nickel and lead prices slid in London. BHP Billiton, the world's biggest miner, declined 1.3%, while Anglo American, the second biggest, slipped 1.4% and copper miner Antofagasta dropped 2.9%.
Similarly, heavily weighted oil stocks edged lower after crude prices fell. BP, Europe's biggest oil company, slipped 1.3%, while Royal/Dutch Shell, the second biggest, dropped 2.2% and Total, the third biggest, declined 1%.
Platinum producer Lonmin tumbled 10% after the company reported a first quarter loss and announced a share sale.
TUI AG, the German owner of Europe's largest travel company, slumped 14% after the company reported first quarter profit that missed analysts' estimate.
STMicroelectronics, Europe's biggest chipmaker, fell 4.2% and Infineon, the second biggest, dropped 10% after UBS downgraded the industry to neutral, saying stocks are less likely to outperform until demand improves.
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