LONDON (Dow Jones)–European stock markets were mostly lower Monday, amid caution over the future growth of the global economy following Friday’s rate hike by the Reserve Bank of India, while ongoing concerns over Greece’s debt crisis and losses in Asian markets also added pressure.

Concerns over Greece continue to weigh on overall sentiment, with the debt-ridden nation pressing European Union leaders to offer a detailed standby aid plan this week.

By 1145 GMT, the Stoxx Europe 600 index was down 1.1% at 257.4. London’s FTSE 100 index fell 0.9% to 5599.7, Frankfurt’s DAX index declined 0.9% to 5930.6, and the CAC-40 index in Paris was 1.1% lower at 3880.7.

The basic resources sector suffered some of the starkest losses Monday, largely due to concerns for demand following the Indian rate hike. The Stoxx 600 basic resources sub-sector was 1.7% lower at 509.6
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