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London Stock Exchange
Toby Melville | Reuters
LONDON — European markets are set to open slightly lower on Monday as fears of more aggressive interest rate hikes from the Federal Reserve return to the fore.
Britain’s FTSE 100 is seen around 17 points lower at 7,533, Germany’s DAX is set to slide by around 45 points to 13,500 and France’s CAC 40 is expected to drop around 19 points to 6,477.
Shares in Asia-Pacific were mixed on Monday as caution prevailed, though Chinese markets rose after China’s central bank cut its benchmark lending rates.
U.S. stock futures fell in early premarket trade after the S&P 500 snapped a four-week winning streak on Friday, as Wall Street looks ahead to Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.
There are no major corporate earnings or economic data releases due out of Europe on Monday.
