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Europe markets: corporate earnings, Covid cases


European stocks are heading for a slightly lower open Monday, tracking lackluster global sentiment as investors monitor corporate earnings and await a key meeting of the U.S. Federal Reserve.

Britain’s FTSE 100 is seen around 35 points lower at 6,993, Germany’s DAX is set to open around 83 points lower at 15,586 and France’s CAC 40 is expected to shed around 33 points to 6,536, according to IG data.

Shares in Asia-Pacific were mixed on Monday, with Hong Kong’s Hang Seng index falling sharply along with mainland Chinese markets. Regulatory pressure and an acrimonious start to a summit between China and the U.S. pushed down tech and education stocks in the region.

Stateside, U.S. stock futures fell in early premarket trade on Monday ahead of a huge week of big tech earnings. Investors are also looking ahead to the Federal Open Market Committee meeting later this week for hints as to when the central bank may begin tapering its stimulus program.

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