European equities moved lower, ending a four-day winning streak, while commodities including gold and silver rallied amid bets central banks will add fresh stimulus to bolster the global economy.
Europe's Stoxx 600 Index finished the day with a decline of 0.7 per cent from the previous close. Germany's DAX index also shed 0.7 per cent, while the UK's FTSE 100 index retreated 0.8 per cent, and France's CAC 40 index slid 0.9 per cent.
"European stocks are taking a breather after the big rally last week and the holiday in the US today," Guillermo Hernandez Sampere, the head of trading at MPPM EK in Eppstein, Germany told Bloomberg.
"We're continuing to see a shift from financials and periphery stocks to safe haven assets such as gold miners. Italian banks will remain losers even with government support because the main opinion is that they'll remain under-capitalised."
Shares of UK homebuilders fell after a report showed a surprise contraction in construction in June, the weakest performance in seven years. At 46.0 in June, down from 51.2 in May, the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index fell below 50 for the first time since April 2013, Markit noted.