European shares stall as real estate stocks weigh
Melrose climbs after results
Eyes on Nvidia earnings
Lagarde set to speak at 1730 GMT
Updates to closing levels
By Sruthi Shankar and Pranav Kashyap
Nov 18 (Reuters) - European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European Central Bank policymakers to assess the future direction of interest rates.
The continent-wide STOXX 600 index .STOXX closed 0.1% lower at 502.61 points.
Britain's FTSE 100 .FTSE gained 0.5%, outperforming its peers. .L
The STOXX 600 postedits first four-week losing streak in 2-1/2 yearson Friday, hit by disappointing earnings, a jump in Treasury yields and concerns about the impact of U.S. President-elect Donald Trump's policies.
Rate-sensitive real estate stocks .SX86P led sectoral declines on Monday, whileEuropean tech shares .SX8P dipped 0.4% ahead of AI bellwether Nvidia's NVDA.O quarterly results on Wednesday.
Heavy-weight energy shares .SXEP gained 0.8% in tandem with oil prices that jumped more than 2% on news that output at Norway's giant Johan Sverdrup oilfield was halted, adding to earlier gains stemming from the Russia-Ukraine war. O/R
Basic Resources .SXPP was the best-performing sector, gaining 0.6% as copper prices ticked up. MET/L
Investors awaited a speechfrom President Christine Lagarde, due at 1730 GMT.Euro zone consumer price figures for October are due on Tuesday, and November'sflash PMIs on Friday.
"Today was a bit of a dull day. There wasn't any fresh catalyst to drive trade. The markets are in that wait-and-see mood, are sort of consolidating after last week's sell-off," Fiona Cincotta, senior market analyst at City Index, said.
"The dust has settled on the elections. Attention is starting to turn back to economic data," she added.
Two top European Central Bank policymakerssignalled they were more worried about the damage that expected new U.S. trade tariffs would do to economic growth in the euro zone than any impact on inflation.
The ECB's Yannis Stournar said a quarter-point rate cut by year-end would be reasonable.
Britain's Melrose Industries MRON.L rose 7.6% after the owner of aerospace parts maker GKN Aerospace reported a 7% rise in revenue for the four-month period ended Oct. 31.
Bavarian Nordic BAVA.CO gained 9.6% after falling 17% on Friday.
Fugro FUGR.AS rose 5.9% after the geotechnical services provider launched a 50 million euro ($52.72 million) share buyback programme.
Reporting by Sruthi Shankar and Pranav Kashyap in Bengaluru; Editing by Mrigank Dhaniwala, Devika Syamnath and Andrew Heavens
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