European stock markets are seen opening slightly lower Monday, consolidating from record levels with the corporate earnings season to continue and investors awaiting the latest European Central Bank meeting.
At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France dropped 0.8% and the FTSE 100 futures contract in the U.K. fell 0.3%.
Global stock markets have been riding high of late, helped by strong corporate earnings, the expectation monetary policy will remain accommodative the world over and the continued rollout of Covid-19 vaccines. In Europe, the DAX traded at a record level on Friday, the CAC 40 climbed to its highest level in over 10 years, and the FTSE 100 traded at a 52-week peak.
The pan-European Stoxx 50 climbed down by 0.19% to 4,035.5. In the cash markets, the DAX futures Germany was trading up 0.08% to 15,489.00. CAC 40 futures in France up by 0.10% to 6226.00 while the FTSE 100 futures in the U.K. up by 0.34% to 6,975.0, at the time of writing.