UK and European stock markets closed slightly lower as investors looked ahead to a slew of earnings, data and central bank announcements through the week.
The dollar gained as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday.
Oil prices jumped on fuel supply concerns after a missile struck a Trafigura-operated fuel tanker in the Red Sea and as Russian refined products exports are set to fall as several refineries are under repair after drone attacks.
Gold firmed as rising tensions in the Middle East lifted demand for the safe-haven asset, while markets awaited a Federal Reserve policy decision later this week.
Paddy Power owner Flutter Entertainment said on Monday that it plans to move its primary listing to the US, as it began trading on the New York Stock Exchange.
The company said that since February 2023, when it announced that it would be listing on the NYSE, management has engaged widely with US investors, existing and potential, along with existing shareholders globally.
As a result, the board believes the NYSE is now "the optimal location" for Flutter's primary listing of its shares, and that the transition should be made "as soon as practicable".
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