European stocks fluctuate amid coronavirus and geopolitical tensions

European stocks fluctuated Monday morning amid a choppy start to the week’s trade, on the back of geopolitical tensions and concerns over the spread of the coronavirus.

The pan-European Stoxx 600 reversed opening losses to climb 0.2 percent, basic resources adding 1.5 percent while travel and leisure stocks fell 0.9 percent.

The ambivalent start to the week for markets comes as their Asian counterparts traded mixed overnight as tensions between the U.S. and China continue to weigh on investor sentiment.