European stocks traded mostly lower on Monday as investors took a cautious approach ahead of several market-moving events. The STOXX 50 fell 0.2% to 6,450, while the broader STOXX 600 declined 0.1%. The AI trade remained under pressure before Nvidia reports earnings on Wednesday. Investors are also watching US Treasury Secretary Scott Bessent’s press conference later Monday for more details on Iran sanctions and Fed Chair Kevin Warsh’s comments at Jackson Hole on Friday for clues about the interest-rate outlook. The ECB is widely expected to raise rates by another 25 basis points in September, following its tightening in June. Shell fell 0.1% after the Financial Times reported that potential bidders, including Exxon Mobil, had shown interest in its US chemical assets.