Oil and gas stocks declined 0.3% as crude prices pulled back ahead of talks this week between Iran and world powers over a nuclear deal that is expected to boost crude supplies. The continent-wide STOXX 600 index was flat after hitting a fresh peak in morning trade, with global investors in a cautious mood ahead of U.S. inflation data and a European Central Bank meeting later this week. Data showed German industrial orders dropped unexpectedly in April on falling domestic demand as supply chain disruptions held back manufacturers.
