European stocks started the week lower while the yen dipped to a fresh 24-year low against the dollar as caution swept across markets ahead of a release of US inflation data.
The regional Stoxx Europe 600 index fell 1.5 per cent in early trading, following sharp stock market drops in China driven by new Covid-19 restrictions in that heightened fears of further disruption to global supply chains. Germany’s Dax fell 1.4 per…