European markets opened muted after ending on a high on Friday, as traders digest the U.S. debt ceiling agreement and euro zone inflation data.

The pan-European Stoxx 600 index was up 0.1% as markets opened, with sectors and major bourses a mixture of marginal gains and losses.

Oil and gas stocks led gains with a 1.1% uptick after Saudi Arabia announced voluntary cuts to its output Sunday, starting in July. OPEC+ on Sunday announced it would make no changes to its planned oil production cuts for the rest of the year.

Travel and leisure stocks dipped into negative territory, with a 0.5% downturn, followed by retail, which was down 0.4%.

Source : CNBC