By Purvi Agarwal and Ragini Mathur

Dec 8 (Reuters) – European shares were muted on Monday, with declines in consumer-facing stocks offsetting gains in industrials and healthcare stocks, while investors awaited the U.S. Federal Reserve’s monetary policy meeting this week.

The pan-European STOXX 600 was down 0.1% at 578.23 points by 0911 GMT. Major regional indexes also dipped, with those in London and Spain down 0.1% each.

Consumer staples stocks were the biggest drags on the benchmark, with Unilever down 3.7%, as per LSEG data. The consumer goods giant completed its the Magnum demerger, with the latter set to list as the Magnum Ice Cream Company.

L’Oreal fell 1.8% after the French company said it will raise its stake in Swiss skincare firm Galderma to 20%. Galderma shares were up 2.8%.

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