Stocks shrug off China disappointment but oil slides [Video]

Major stock markets shrugged off weak data from China on Monday following a pledge by the country’s finance minister to boost the world’s second-biggest economy, but oil prices fell.

One of the week’s key events, meanwhile, occurs Thursday when the European Central Bank is expected to lower interest rates again as anxiety about inflation in the eurozone fades and concerns over sluggish growth mount.

The euro traded lower against the dollar and pound Monday.

Wall Street opened mixed after setting more record highs Friday on strong US company earnings that added to positive sentiment over the world’s biggest economy ahead of the country’s presidential election next month.

The blue-chip Dow dipped 0.2 percent.

Shares in Boeing fell 1.5 percent after its announcement Friday after the market closed that it will cut 10 percent of its workforce and projected a large third-quarter loss amid a machinist strike in the Seattle region.

Without corporate earnings or data releases …