The pan-European Stoxx 600 trading at a flatline, with tech stocks, slid 0.7% while, oil and gas stocks climbed on rising commodity prices while.
European Central Bank President Christine Lagarde gave markets a boost on Monday by offering an optimistic outlook for the euro zone economy and noting that the bloc is “clearly in a different situation” to the U.S. with regard to inflation.
Meanwhile, the 10-year U.S. Treasury yield rose to 1.50%. Powell is set to speak before the House Select Subcommittee on Coronavirus Crisis at 2 p.m. ET.