European Stocks Open Flat as Oil Prices, Hawkish Bets Offset Tech Gains

The European stock market opened with a cautious tone on Monday, as investors navigated a mix of concerns including rising oil prices and hawkish central bank expectations.

Oil prices continued their upward trend, with WTI crude trading at $91.95, up 0.5%, and Brent crude at $97.05, up 0.8%.

The Strait of Hormuz tensions between the US and Iran also weighed on investor sentiment, despite a stronger tech-led session in Asia.