European stocks lower amid geopolitical risk
European stocks are called lower Monday as investors focus on myriad events in the region’s corporate markets while following the cautious tone of trading in Asia.
Britain’s FTSE 100 is likely to open 7 points lower at the start of trading, according to financial bookmakers IG, with much of the early focus on reaction to a proposed merger between Aberdeen Asset Management and Standard Life. Markets in Germany are also called lower, with the DAX expected to fall around 41 points on the back of a steep opening decline for Deutsche Bank following its planned $8.5 billion (£6.92 billion) capital hike and broader corporate restructuring.
In France, the CAC-40 if expected to slip 17 points at the bell, but the market will remain poised for any news of the proposed tie-up between PSA Pegueot and General Motors.