Markets in Europe open lower this Monday after US President Donald Trump took office and promised to pursue a protectionist policy.
The pan-European Stoxx 600 was off by 0.34 percent with most sectors trading red.
Trump said Sunday he would start talks with Mexico and Canada to renegotiate the North American Free Trade Agreement (NAFTA). During Asian trading the dollar fell and the euro hit its highest level in more than a month. The U.K.'s prime minister, Theresa May, is set to discuss future trade possibilities with Trump this week.
The earnings season kicks off in Europe with Philips Lighting announcing that its operating profit margin rose to 9.1 percent. Its earnings before profit stood at 645 million euros (USD 693 million) compared to 547 million euros in 2015.
Samsung said Monday that its difficulties with Note 7 were caused by irregular batteries. Also, on Monday's calendar is also the release of the latest consumer confidence data in the euro zone.
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