On Monday, European stocks fell in response to the reversal of the upward trend in the oil market.
After rising early in the session, Stoxx Europe 600 Index fell 0.5% to 336.64.Several sectors, including technology, health care and utilities, are resisting the oil sector.
The price of Brent crude oil fell more than 2% to $ 32 per barrel. US crude lost almost 3% of its value and traded at $ 31.32 a barrel.
Shares of the largest oil and gas company Statoil ASA of Norway have decreased by 3.6%, the Spanish company Repsol SA - 0.3%, the company BP PLC - 1.6%. On Friday, amid a rebound in oil prices and expectations for further stimulus measures by the European Central Bank, shares in Europe rose by 3%, demonstrating the best trading session for four months.
The economic data of the region
Investors got disappointing data from Germany: business climate index IFO, tracks business sentiment in Europe's largest economy fell to its lowest level in nearly a year. Sentiment among manufacturers fell to 12-month low against the background of deteriorating export prospects.
"The year began as an unpleasant surprise for the German economy", - said the president of the IFO Institute, Hans-Werner Sinn.
The DAX 30 fell 0.1% to 9757.54. Stock index UK FTSE 100 index fell 0.3% to 5880.45. The French CAC 40 fell 0.2% to 4327.09.