European markets lower; Raiffeisen Bank down 6.7%

This is CNBC's live blog covering European markets.

European markets had a negative start to the new trading week, following declines in the Asia-Pacific region overnight.

The Stoxx 600 index was 0.6% lower at 2:20 p.m. in London, with technology stocks down 2.2%. It follows a strong week for the index which saw it close above 500 points for the first time.

Shares of Telecom Italia slid 4% after analysts last week said the debt level it foresees following the sale of its fixed line network was above expectations.

Japan stocks led losses in Asia-Pacific markets after the country averted a technical recession, paving the way for its central bank to raise rates, while investors also assessed China's inflation numbers.

U.S. stock futures fell slightly Sunday night after the Dow Jones Industrial Average closed out its worst week since October. Investors are also looking ahead to inflation data due out later this week.

U.S. stocks opened lower as Wall Street digests last week's jobs report and looks ahead to fresh inflation data.

The Dow Jones Industrial Average fell 0.6% while the S&P 500 was 0.4% lower. The Nasdaq Composite also slipped 0.3%.

— Karen Gilchrist

Europe's Stoxx 600 index was lower Monday, with Dutch semiconductor equipment designer Besi leading losses to fall 8.8%.

It follows a steep fall for the firm on Friday after analysts raised concerns over its hybrid bonding technology business, according to Reuters.

Zealand Pharma was down 7.8%, continuing the choppy trading pattern since the Danish company shot to a record high in late February on its potential as a competitor in the booming weight-loss drug market.

— Jenni Reid

Shares of Raiffeisen Bank on Monday fell nearly 7% amid concerns that the Austrian bank could face