European markets closed lower on Monday as investors focused on the next U.S. Federal Reserve meeting, which begins on Tuesday.

U.S. stocks traded lower on Monday, as investors grew cautious ahead of a busy week of central-bank meetings and corporate earnings.

U.S. stocks rose Friday, boosted by hopes that inflation is moderating. This put them on track for strong weekly gains.

Investors are processing a mixed performance from corporate earnings released this week, with the start of year rally stuttering. While some companies have posted strong results, others have disappointed, leading to a mixed reaction from the market. Overall, the earnings season so far has been mixed, with some bright spots but also some disappointments.

European markets advanced on Thursday, continuing the positive momentum seen in the previous session. Investors were encouraged by positive economic data and corporate earnings reports.